Capital Group Dividend Value ETF $CGDV Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 135.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,283 shares of the company’s stock after buying an additional 39,302 shares during the quarter. Kovack Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CGDV. Raymond James Financial Inc. increased 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 valued at $764,275,000 after acquiring an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after purchasing an additional 668,214 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 in the last quarter. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after purchasing an additional 2,471,984 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after purchasing an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $45.53 on Friday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $46.01. The company has a market capitalization of $29.08 billion, a P/E ratio of 26.59 and a beta of 0.89. The business has a 50 day moving average price of $44.45 and a 200 day moving average price of $42.96.

Capital Group Dividend Value ETF Increases Dividend

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

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.