434,303 Capital Group Dividend Value ETF $CGDV Shares Sold by KWB Wealth

KWB Wealth reduced its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 74.9% in the third quarter, Holdings Channel.com reports. The fund owned 145,691 shares of the company’s stock after selling 434,303 shares during the quarter. KWB Wealth’s holdings in Capital Group Dividend Value ETF were worth $7,117,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. increased its stake in Capital Group Dividend Value ETF by 72.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after acquiring an additional 24,945 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 179.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock valued at $53,826,000 after acquiring an additional 701,514 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Capital Group Dividend Value ETF by 27.8% in the 2nd quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after acquiring an additional 35,765 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its position in shares of Capital Group Dividend Value ETF by 2.1% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock valued at $63,200,000 after acquiring an additional 26,012 shares during the last quarter. Finally, OakTrust Wealth Advisors LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $961,000.

Capital Group Dividend Value ETF Trading Down 0.9%

Shares of NYSEARCA CGDV traded down $0.46 during midday trading on Friday, hitting $48.93. 3,868,869 shares of the company’s stock were exchanged, compared to its average volume of 4,130,315. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The company has a market cap of $38.72 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business’s fifty day moving average price is $49.76 and its two-hundred day moving average price is $48.39.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1522 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th.

Capital Group Dividend Value ETF 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.