Capital Group Dividend Value ETF $CGDV Stock: Founders Financial Securities LLC Boosts Holdings

Founders Financial Securities LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 391,326 shares of the company’s stock after purchasing an additional 65,969 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 0.9% of Founders Financial Securities LLC’s portfolio, making the stock its 19th largest position. Founders Financial Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $19,116,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of 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 worth $781,004,000 after buying an additional 1,959,868 shares during the period. Bank of America Corp DE grew its stake in shares of Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after buying an additional 1,166,097 shares in the last quarter. Advance Capital Management Inc. grew its stake in shares of Capital Group Dividend Value ETF by 1.4% in the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock valued at $433,569,000 after buying an additional 140,796 shares in the last quarter. Royal Bank of Canada raised its holdings 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 valued at $318,176,000 after buying an additional 1,223,486 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 14.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock valued at $249,175,000 after buying an additional 760,675 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

CGDV opened at $49.55 on Friday. The stock’s 50-day moving average price is $49.43 and its 200 day moving average price is $47.42. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The firm has a market cap of $39.41 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.1522 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%. This is an increase 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.