Vestmark Advisory Solutions Inc. Has $21.74 Million Stock Holdings in Capital Group Dividend Value ETF $CGDV

Vestmark Advisory Solutions Inc. decreased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 61.1% during the third quarter, HoldingsChannel reports. The firm owned 517,355 shares of the company’s stock after selling 813,227 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Dividend Value ETF were worth $21,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. grew its stake in Capital Group Dividend Value ETF by 11.5% in the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after buying an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Value ETF by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after acquiring an additional 668,214 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 acquiring an additional 1,496,823 shares during the period. 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 increased its stake 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 worth $467,957,000 after purchasing an additional 1,730,269 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $45.86 on Friday. The stock has a 50-day simple moving average of $44.50 and a 200 day simple moving average of $43.01. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01. The stock has a market capitalization of $29.29 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.1928 dividend. 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 dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th.

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.