Beacon Financial Advisory LLC Purchases 22,609 Shares of Capital Group Dividend Value ETF $CGDV

Beacon Financial Advisory LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 392,614 shares of the company’s stock after purchasing an additional 22,609 shares during the period. Capital Group Dividend Value ETF comprises about 4.0% of Beacon Financial Advisory LLC’s portfolio, making the stock its 2nd largest holding. Beacon Financial Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $15,504,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth approximately $29,000. Capital Analysts LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth approximately $30,000. Golden State Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth approximately $32,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth approximately $37,000.

Capital Group Dividend Value ETF Stock Down 0.1%

Shares of Capital Group Dividend Value ETF stock opened at $42.34 on Friday. The company has a market cap of $22.54 billion, a PE ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.53. The business has a 50 day moving average price of $41.40 and a 200-day moving average price of $38.54.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1359 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, 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.