Capital Group Dividend Value ETF $CGDV Stock Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lowered its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 44.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,256 shares of the company’s stock after selling 27,021 shares during the period. Summit Wealth Group LLC Co.’s holdings in Capital Group Dividend Value ETF were worth $1,625,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Torren Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth about $58,000. CoreCap Advisors LLC grew its position in shares of 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 valued at $66,000 after acquiring an additional 218 shares during the period. Beacon Financial Strategies CORP purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $79,000. Abound Wealth Management increased its stake in shares of Capital Group Dividend Value ETF by 5,441.7% in the 2nd quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock valued at $98,000 after purchasing an additional 1,959 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Capital Group Dividend Value ETF by 162.5% in the 3rd quarter. North Star Investment Management Corp. now owns 2,100 shares of the company’s stock valued at $103,000 after purchasing an additional 1,300 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.3%

NYSEARCA CGDV opened at $48.67 on Tuesday. The stock has a market capitalization of $38.77 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The stock has a 50-day moving average of $49.38 and a 200 day moving average of $47.46.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders 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 yield of 1.3%.

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.