Concurrent Investment Advisors LLC Buys 19,594 Shares of Capital Group Dividend Value ETF $CGDV

Concurrent Investment Advisors LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 971,237 shares of the company’s stock after buying an additional 19,594 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $47,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Symphony Financial Ltd. Co. grew its stake in Capital Group Dividend Value ETF by 3.8% during the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock valued at $278,000 after acquiring an additional 204 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after acquiring an additional 218 shares during the period. Berger Financial Group Inc lifted its stake in Capital Group Dividend Value ETF by 3.1% in the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after purchasing an additional 224 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in Capital Group Dividend Value ETF by 2.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock worth $420,000 after purchasing an additional 238 shares in the last quarter. Finally, Cim LLC boosted its holdings in Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after purchasing an additional 250 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $50.10 on Friday. The company has a fifty day moving average price of $49.75 and a 200-day moving average price of $47.34. The firm has a market capitalization of $38.00 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $41.08 and a one year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a dividend of $0.1471 per share. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.