Farther Finance Advisors LLC Boosts Holdings in Capital Group Dividend Value ETF $CGDV

Farther Finance Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 458,445 shares of the company’s stock after buying an additional 31,954 shares during the period. Farther Finance Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $22,395,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers increased its stake in Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the period. WNY Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth approximately $67,648,000. Royal Bank of Canada lifted its position in shares of Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after acquiring an additional 1,223,486 shares during the period. Bank of America Corp DE grew its holdings in shares of Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Finally, &PARTNERS increased its position in shares of Capital Group Dividend Value ETF by 48.1% during the fourth quarter. &PARTNERS now owns 2,379,691 shares of the company’s stock valued at $103,752,000 after purchasing an additional 772,375 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV traded down $0.26 during trading hours on Thursday, reaching $49.25. The stock had a trading volume of 3,546,557 shares, compared to its average volume of 4,169,972. The business’s fifty day moving average is $49.92 and its two-hundred day moving average is $48.10. The company has a market cap of $38.76 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a twelve month low of $41.24 and a twelve month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.1522 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%.

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.