Latitude Advisors LLC Acquires 20,441 Shares of Capital Group Dividend Value ETF $CGDV

Latitude Advisors LLC boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,781 shares of the company’s stock after acquiring an additional 20,441 shares during the period. Capital Group Dividend Value ETF accounts for approximately 1.8% of Latitude Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Latitude Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $5,705,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares in the last quarter. WNY Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $67,648,000. Royal Bank of Canada boosted its holdings in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares during the last quarter. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Finally, First Pacific Financial grew its position in shares of Capital Group Dividend Value ETF by 526.1% in the third quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock valued at $52,161,000 after purchasing an additional 897,226 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $49.14 on Wednesday. The stock’s fifty day moving average is $49.47 and its two-hundred day moving average is $47.37. The firm has a market capitalization of $39.76 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a fifty-two week low of $41.31 and a fifty-two week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

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

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.