10,297 Shares in Capital Group Dividend Value ETF $CGDV Acquired by StoneX Group Inc.

StoneX Group Inc. acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,297 shares of the company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ballew Advisors Inc raised its stake in Capital Group Dividend Value ETF by 1.5% during the 3rd quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock valued at $675,000 after purchasing an additional 203 shares during the last quarter. Symphony Financial Ltd. Co. grew its position in Capital Group Dividend Value ETF by 3.8% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after purchasing an additional 204 shares during the last quarter. Cypress Capital LLC grew its position in Capital Group Dividend Value ETF by 2.6% in the 3rd quarter. Cypress Capital LLC now owns 8,627 shares of the company’s stock worth $421,000 after purchasing an additional 217 shares during the last quarter. CoreCap Advisors LLC grew its position in Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after purchasing an additional 218 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 11.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,175 shares of the company’s stock worth $106,000 after purchasing an additional 225 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $48.75 on Friday. The firm’s 50-day moving average is $49.13 and its 200-day moving average is $47.63. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The company has a market cap of $38.91 billion, a price-to-earnings ratio of 23.29 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. Investors of record on Wednesday, September 30th were given a dividend of $0.1522 per share. 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. The ex-dividend date of this dividend was Wednesday, September 30th.

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.