Litman Gregory Wealth Management LLC Decreases Holdings in Capital Group Dividend Value ETF $CGDV

Litman Gregory Wealth Management LLC decreased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,107 shares of the company’s stock after selling 3,394 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $1,268,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. boosted its position in Capital Group Dividend Value ETF by 3.5% during the second quarter. Confluence Wealth Services Inc. now owns 5,270,920 shares of the company’s stock valued at $208,149,000 after buying an additional 179,851 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 13.6% in the 2nd quarter. Valley National Advisers Inc. now owns 8,615 shares of the company’s stock valued at $339,000 after acquiring an additional 1,034 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Capital Group Dividend Value ETF by 139.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 197,689 shares of the company’s stock valued at $7,807,000 after acquiring an additional 115,022 shares during the period. Woodmont Investment Counsel LLC grew its position in Capital Group Dividend Value ETF by 12.2% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 46,341 shares of the company’s stock worth $1,830,000 after acquiring an additional 5,034 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in Capital Group Dividend Value ETF by 31.2% during the 2nd quarter. Merit Financial Group LLC now owns 298,904 shares of the company’s stock worth $11,804,000 after acquiring an additional 71,143 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $42.34 on Monday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $42.53. The stock has a 50 day moving average price of $41.40 and a two-hundred day moving average price of $38.56. The company has a market capitalization of $22.54 billion, a P/E ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

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

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.