Capital Group Dividend Value ETF $CGDV Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 849,030 shares of the company’s stock after selling 12,640 shares during the period. Capital Group Dividend Value ETF comprises 1.2% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 22nd largest holding. Gerber Kawasaki Wealth & Investment Management owned 0.15% of Capital Group Dividend Value ETF worth $35,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banco de Sabadell S.A purchased a new position in Capital Group Dividend Value ETF in the second quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Capital Group Dividend Value ETF by 38,200.0% during 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. Huntington National Bank purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $49,000. CENTRAL TRUST Co acquired a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth approximately $52,000. Finally, Trust Co. of Vermont grew its holdings in shares of Capital Group Dividend Value ETF by 83.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after acquiring an additional 611 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $44.14 on Monday. The business has a 50 day moving average price of $44.81 and a 200 day moving average price of $43.34. The company has a market capitalization of $28.19 billion, a P/E 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 $46.01.

Capital Group Dividend Value ETF Increases Dividend

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

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.