Capital Group Dividend Value ETF $CGDV Stake Boosted by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 32.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,144,036 shares of the company’s stock after acquiring an additional 281,395 shares during the period. Capital Group Dividend Value ETF makes up about 1.0% of Wealthcare Advisory Partners LLC’s holdings, making the stock its 20th largest holding. Wealthcare Advisory Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $48,084,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CGDV. AQR Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the first quarter valued at approximately $236,000. International Assets Investment Management LLC increased its stake in Capital Group Dividend Value ETF by 12.6% during the 2nd quarter. International Assets Investment Management LLC now owns 28,321 shares of the company’s stock valued at $1,118,000 after buying an additional 3,162 shares during the period. Balboa Wealth Partners bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $318,000. Stephens Inc. AR raised its position in shares of Capital Group Dividend Value ETF by 56.7% during the 2nd quarter. Stephens Inc. AR now owns 21,719 shares of the company’s stock worth $858,000 after buying an additional 7,862 shares in the last quarter. Finally, Financial Perspectives Inc raised its holdings in Capital Group Dividend Value ETF by 104.4% during the second quarter. Financial Perspectives Inc now owns 16,102 shares of the company’s stock worth $636,000 after purchasing an additional 8,224 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $45.33 on Tuesday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $46.01. The firm has a market cap of $28.95 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock has a fifty day moving average price of $44.34 and a two-hundred day moving average price of $42.88.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. 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.

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.