Capital Group Dividend Value ETF $CGDV Stock Position Increased by Gutierrez Wealth Advisory LLC

Gutierrez Wealth Advisory LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 326,156 shares of the company’s stock after acquiring an additional 11,132 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 8.5% of Gutierrez Wealth Advisory LLC’s investment portfolio, making the stock its 3rd biggest position. Gutierrez Wealth Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $15,933,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. StrongBox Wealth LLC increased its position in shares of Capital Group Dividend Value ETF by 62.1% during the third quarter. StrongBox Wealth LLC now owns 118,881 shares of the company’s stock worth $5,807,000 after purchasing an additional 45,560 shares in the last quarter. Clear Point Advisors Inc. boosted its stake in Capital Group Dividend Value ETF by 4.7% during the 3rd quarter. Clear Point Advisors Inc. now owns 68,732 shares of the company’s stock worth $3,358,000 after purchasing an additional 3,105 shares during the last quarter. Smallwood Wealth Investment Management LLC boosted its stake in Capital Group Dividend Value ETF by 7.4% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 151,623 shares of the company’s stock worth $7,407,000 after purchasing an additional 10,385 shares during the last quarter. Basso Capital Management L.P. purchased a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth $268,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth $73,000.

Capital Group Dividend Value ETF Stock Down 4.3%

Capital Group Dividend Value ETF stock opened at $47.45 on Friday. The company has a fifty day simple moving average of $49.29 and a 200-day simple moving average of $47.52. The firm has a market capitalization of $38.52 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week 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. Investors of record on Wednesday, September 30th were given a dividend of $0.1522 per share. The ex-dividend date was Wednesday, September 30th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%.

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.