Capital Group Dividend Value ETF $CGDV Stock Acquired by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,623 shares of the company’s stock after acquiring an additional 10,385 shares during the period. Capital Group Dividend Value ETF accounts for 3.1% of Smallwood Wealth Investment Management LLC’s investment portfolio, making the stock its 7th biggest position. Smallwood Wealth Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $7,407,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CGDV. Cetera Investment Advisers raised its stake 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 valued at $781,004,000 after acquiring an additional 1,959,868 shares during the last quarter. WNY Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth about $67,648,000. Royal Bank of Canada boosted its holdings in shares of Capital Group Dividend Value ETF by 19.6% during the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 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 worth $762,020,000 after purchasing an additional 1,166,097 shares during the last quarter. Finally, First Pacific Financial grew its stake in shares of Capital Group Dividend Value ETF by 526.1% in the third quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock worth $52,161,000 after purchasing an additional 897,226 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $49.57 on Thursday. Capital Group Dividend Value ETF has a 1 year low of $41.31 and a 1 year high of $51.63. The company has a market cap of $40.24 billion, a PE ratio of 26.59 and a beta of 0.88. The stock’s 50-day moving average is $49.34 and its 200 day moving average is $47.51.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed 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 an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%.

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.