Capital Group Dividend Value ETF $CGDV Stake Boosted by First Heartland Consultants Inc.

First Heartland Consultants Inc. lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,080 shares of the company’s stock after acquiring an additional 19,778 shares during the quarter. Capital Group Dividend Value ETF makes up 1.1% of First Heartland Consultants Inc.’s portfolio, making the stock its 21st biggest holding. First Heartland Consultants Inc. owned 0.06% of Capital Group Dividend Value ETF worth $13,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. MassMutual Private Wealth & Trust FSB increased its holdings in Capital Group Dividend Value ETF by 38,200.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares during the last quarter. CENTRAL TRUST Co bought a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $52,000. Trust Co. of Vermont raised its position in 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 acquiring an additional 611 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in Capital Group Dividend Value ETF by 692.6% in the second quarter. Simplex Trading LLC now owns 1,600 shares of the company’s stock valued at $63,000 after acquiring an additional 1,870 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.8%

CGDV stock opened at $45.49 on Tuesday. The firm has a 50 day moving average of $44.54 and a two-hundred day moving average of $43.06. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01. The company has a market capitalization of $29.05 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF Profile

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.