Midwest Heritage Bank FSB Purchases 10,842 Shares of Capital Group Dividend Value ETF $CGDV

Midwest Heritage Bank FSB increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 720,352 shares of the company’s stock after acquiring an additional 10,842 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 10.1% of Midwest Heritage Bank FSB’s investment portfolio, making the stock its 3rd biggest holding. Midwest Heritage Bank FSB owned about 0.09% of Capital Group Dividend Value ETF worth $35,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Symphony Financial Ltd. Co. raised its holdings in Capital Group Dividend Value ETF by 3.8% in the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after purchasing an additional 204 shares during the period. CoreCap Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after buying an additional 218 shares during the period. Berger Financial Group Inc grew its holdings in shares of Capital Group Dividend Value ETF by 3.1% in the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after buying an additional 224 shares during the period. Clark Capital Management Group Inc. increased its position in shares of Capital Group Dividend Value ETF by 2.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after buying an additional 238 shares in the last quarter. Finally, Cim LLC increased its position in shares of Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after buying an additional 250 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.0%

Shares of Capital Group Dividend Value ETF stock opened at $50.08 on Friday. The stock’s fifty day simple moving average is $49.78 and its 200 day simple moving average is $47.36. The company has a market capitalization of $37.98 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $41.08 and a 12 month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a $0.1471 dividend. This represents a $0.59 annualized dividend and a dividend yield of 1.2%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, June 30th.

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.