Capital Group Dividend Value ETF $CGDV is Main Line Retirement Advisors LLC’s Largest Position

Main Line Retirement Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 515,911 shares of the company’s stock after purchasing an additional 13,395 shares during the quarter. Capital Group Dividend Value ETF comprises 11.1% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its biggest holding. Main Line Retirement Advisors LLC owned approximately 0.09% of Capital Group Dividend Value ETF worth $21,684,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $1,982,000. Clear Point Advisors Inc. raised its stake in Capital Group Dividend Value ETF by 22.8% during the 2nd quarter. Clear Point Advisors Inc. now owns 53,608 shares of the company’s stock valued at $2,117,000 after buying an additional 9,965 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $5,649,000. Creative Planning boosted its stake in shares of Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock worth $1,335,000 after buying an additional 3,747 shares during the last quarter. Finally, Tempus Wealth Planning LLC boosted its stake in shares of Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Tempus Wealth Planning LLC now owns 253,873 shares of the company’s stock worth $10,025,000 after buying an additional 28,186 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $43.94 on Tuesday. The stock has a market cap of $24.80 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.26. The stock has a fifty day moving average of $43.18 and a 200 day moving average of $41.73.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a yield of 1.8%.

Capital Group Dividend Value ETF Company 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.