Capital Group Dividend Value ETF $CGDV is IMG Wealth Management Inc.’s 2nd Largest Position

IMG Wealth Management Inc. raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 247,672 shares of the company’s stock after acquiring an additional 25,123 shares during the period. Capital Group Dividend Value ETF accounts for about 7.0% of IMG Wealth Management Inc.’s holdings, making the stock its 2nd biggest position. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $10,410,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF in the second quarter valued at about $35,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after acquiring an additional 1,146 shares in the last quarter. Banco de Sabadell S.A bought a new position in Capital Group Dividend Value ETF in the second quarter worth about $47,000. Finally, Trust Co. of Vermont increased its holdings in shares of Capital Group Dividend Value ETF by 83.0% during the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after purchasing an additional 611 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $44.86 on Thursday. The stock has a market capitalization of $28.65 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $45.15. The company has a 50 day moving average price of $44.06 and a 200 day moving average price of $42.62.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

About Capital Group Dividend Value ETF

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.