344,471 Shares of Capital Group Dividend Value ETF $CGDV Bought by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 344,471 shares of the company’s stock, valued at approximately $16,827,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bayban bought a new position in shares of Capital Group Dividend Value ETF in the first quarter valued at approximately $36,000. CoreCap Advisors LLC grew its stake in Capital Group Dividend Value ETF by 19.5% during the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares in the last quarter. Torren Management LLC bought a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $58,000. Bellevue Asset Management LLC bought a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $62,000. Finally, Beacon Financial Strategies CORP bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $79,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV traded down $0.31 on Friday, hitting $48.45. The stock had a trading volume of 2,762,883 shares, compared to its average volume of 4,098,013. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The company has a market capitalization of $38.46 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm has a 50-day moving average of $49.52 and a 200-day moving average of $48.62.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.1522 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a dividend yield of 1.3%.

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.