WealthCare Investment Partners LLC Acquires 23,939 Shares of Capital Group Dividend Value ETF $CGDV

WealthCare Investment Partners LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.6% during the third quarter, Holdings Channel.com reports. The firm owned 104,764 shares of the company’s stock after acquiring an additional 23,939 shares during the period. Capital Group Dividend Value ETF accounts for about 1.4% of WealthCare Investment Partners LLC’s portfolio, making the stock its 17th largest position. WealthCare Investment Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $4,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Washington Trust Advisors Inc. bought a new position in shares of Capital Group Dividend Value ETF in the second quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new stake in Capital Group Dividend Value ETF in the 2nd quarter valued at about $35,000. MassMutual Private Wealth & Trust FSB increased its position in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after acquiring an additional 1,146 shares in the last quarter. Banco de Sabadell S.A bought a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $47,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Capital Group Dividend Value ETF during the third quarter worth approximately $52,000.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $45.33 on Tuesday. The stock has a market capitalization of $28.95 billion, a P/E ratio of 26.59 and a beta of 0.89. The company’s 50 day simple moving average is $44.34 and its 200-day simple moving average is $42.88. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

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

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.