Landaas & Co. WI ADV Acquires 21,579 Shares of Capital Group Dividend Value ETF $CGDV

Landaas & Co. WI ADV raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 409.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,848 shares of the company’s stock after purchasing an additional 21,579 shares during the quarter. Landaas & Co. WI ADV’s holdings in Capital Group Dividend Value ETF were worth $1,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings in shares of 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 buying an additional 1,999,975 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 9.9% during 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 period. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Dividend Value ETF by 10.8% in 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. Bank of America Corp DE increased its stake 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 period. Finally, Cetera Investment Advisers lifted its holdings in Capital Group Dividend Value ETF by 17.1% during the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after purchasing an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $44.87 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $45.12. The stock has a market capitalization of $28.62 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business’s fifty day moving average price is $43.96 and its two-hundred day moving average price is $42.52.

Capital Group Dividend Value ETF Increases Dividend

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

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.