Capital Group Dividend Value ETF $CGDV Stock: James T. Borello RIA Boosts Holdings

James T. Borello RIA increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 684,141 shares of the company’s stock after buying an additional 13,072 shares during the quarter. Capital Group Dividend Value ETF accounts for about 6.9% of James T. Borello RIA’s investment portfolio, making the stock its 3rd biggest holding. James T. Borello RIA’s holdings in Capital Group Dividend Value ETF were worth $33,420,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Clearview Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 3rd quarter worth about $981,000. Sherman Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at about $394,000. KOM Wealth Management Group LLC raised its stake in shares of Capital Group Dividend Value ETF by 10.9% in the third quarter. KOM Wealth Management Group LLC now owns 42,523 shares of the company’s stock worth $2,077,000 after purchasing an additional 4,185 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Capital Group Dividend Value ETF by 2.2% in the third quarter. AdvisorNet Financial Inc now owns 293,584 shares of the company’s stock worth $14,427,000 after purchasing an additional 6,260 shares during the last quarter. Finally, Saxony Capital Management LLC raised its stake in shares of Capital Group Dividend Value ETF by 11.7% in the third quarter. Saxony Capital Management LLC now owns 52,748 shares of the company’s stock worth $2,577,000 after purchasing an additional 5,511 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.9%

Shares of Capital Group Dividend Value ETF stock traded down $0.46 on Friday, reaching $48.93. 3,868,869 shares of the stock were exchanged, compared to its average volume of 4,130,315. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The firm has a market capitalization of $38.72 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business has a 50 day moving average price of $49.76 and a two-hundred day moving average price of $48.39.

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 given a dividend of $0.1522 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.