DMKC Advisory Services LLC Sells 175,505 Shares of Capital Group Dividend Value ETF $CGDV

DMKC Advisory Services LLC lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 434,928 shares of the company’s stock after selling 175,505 shares during the period. Capital Group Dividend Value ETF accounts for about 5.1% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 6th biggest holding. DMKC Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $21,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of 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 valued at $781,004,000 after acquiring an additional 1,959,868 shares during the period. Bank of America Corp DE lifted its stake in shares of Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 9.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,609,979 shares of the company’s stock worth $371,747,000 after purchasing an additional 654,911 shares during the last quarter. Royal Bank of Canada lifted its stake 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. Finally, D.A. Davidson & CO. lifted its stake in shares of Capital Group Dividend Value ETF by 1.3% during the 3rd quarter. D.A. Davidson & CO. now owns 3,780,677 shares of the company’s stock worth $184,686,000 after purchasing an additional 48,151 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $48.51 on Tuesday. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The stock’s 50-day moving average is $49.19 and its 200 day moving average is $47.56. The company has a market cap of $38.70 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.1522 dividend. This is a boost 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 1.3%. The ex-dividend date 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.