Capital Group Dividend Value ETF $CGDV Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,297,007 shares of the company’s stock after selling 370,910 shares during the period. Capital Group Dividend Value ETF comprises 0.8% of Commonwealth Equity Services LLC’s holdings, making the stock its 15th biggest position. Commonwealth Equity Services LLC’s holdings in Capital Group Dividend Value ETF were worth $649,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its stake in 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 during the period. Capital Analysts LLC lifted its holdings in Capital Group Dividend Value ETF by 27.8% during the 2nd quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after purchasing an additional 35,765 shares during the last quarter. Guardian Wealth Advisors LLC NC lifted its holdings in 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 purchasing an additional 26,012 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Capital Group Dividend Value ETF by 2.1% during the second quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock worth $47,863,000 after purchasing an additional 19,594 shares during the period. Finally, PCG Wealth Advisors LLC boosted its position in Capital Group Dividend Value ETF by 5.3% during the second quarter. PCG Wealth Advisors LLC now owns 681,934 shares of the company’s stock worth $33,606,000 after purchasing an additional 34,563 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $47.45 on Friday. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The stock has a market cap of $38.52 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The company has a fifty day moving average price of $49.29 and a two-hundred day moving average price of $47.52.

Capital Group Dividend Value ETF Increases Dividend

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

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.