Clg LLC Decreases Position in Capital Group Dividend Value ETF $CGDV

Clg LLC reduced its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 205,115 shares of the company’s stock after selling 51,629 shares during the period. Capital Group Dividend Value ETF makes up 2.3% of Clg LLC’s holdings, making the stock its 10th biggest holding. Clg LLC’s holdings in Capital Group Dividend Value ETF were worth $8,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Harbor Investment Advisory LLC raised its stake in Capital Group Dividend Value ETF by 91.4% during the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock worth $2,098,000 after acquiring an additional 23,845 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $1,982,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $5,649,000. Fermata Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF by 9.7% during the 3rd quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock valued at $9,002,000 after purchasing an additional 19,012 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after purchasing an additional 3,747 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $43.51 on Friday. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company has a 50 day simple moving average of $44.85 and a 200 day simple moving average of $43.42. 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 disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1928 per share. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 annualized dividend and a dividend yield of 1.8%.

Capital Group Dividend Value ETF Company 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.