Owen LaRue LLC Purchases 31,743 Shares of Capital Group Dividend Value ETF $CGDV

Owen LaRue LLC increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 62.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,589 shares of the company’s stock after acquiring an additional 31,743 shares during the period. Capital Group Dividend Value ETF comprises approximately 1.4% of Owen LaRue LLC’s holdings, making the stock its 18th largest holding. Owen LaRue LLC’s holdings in Capital Group Dividend Value ETF were worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CGDV. Bank of America Corp DE grew its holdings in shares of Capital Group Dividend Value ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after purchasing an additional 2,471,984 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares during the last quarter. Cetera Investment Advisers increased its position in Capital Group Dividend Value ETF by 17.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after acquiring an additional 1,730,269 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after acquiring an additional 1,513,067 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after purchasing an additional 1,496,823 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $44.43 on Friday. The firm has a 50 day simple moving average of $43.71 and a 200 day simple moving average of $42.38. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $44.67. The firm has a market cap of $27.92 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1928 per share. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%.

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.