Forge Financial Services LLC Purchases 39,483 Shares of Capital Group Dividend Value ETF $CGDV

Forge Financial Services LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 0.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,726,352 shares of the company’s stock after acquiring an additional 39,483 shares during the period. Capital Group Dividend Value ETF comprises approximately 23.9% of Forge Financial Services LLC’s holdings, making the stock its biggest holding. Forge Financial Services LLC owned 0.72% of Capital Group Dividend Value ETF worth $279,848,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of Capital Group Dividend Value ETF by 12.0% during 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 during the period. WNY Asset Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth $67,648,000. Royal Bank of Canada boosted its holdings in shares of Capital Group Dividend Value ETF by 19.6% during the first 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 during the period. 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 during the period.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock traded down $0.19 during trading on Friday, hitting $48.56. The company’s stock had a trading volume of 2,737,554 shares, compared to its average volume of 4,042,742. The stock has a market capitalization of $38.76 billion, a price-to-earnings ratio of 23.29 and a beta of 0.88. The stock’s fifty day moving average is $49.10 and its 200 day moving average is $47.65. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change 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.