Capital Group Dividend Value ETF $CGDV Shares Sold by FinDec Wealth Services Inc.

FinDec Wealth Services Inc. trimmed its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 59.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,533 shares of the company’s stock after selling 25,266 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 0.7% of FinDec Wealth Services Inc.’s portfolio, making the stock its 17th biggest position. FinDec Wealth Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDV. Farther Finance Advisors LLC boosted its holdings in Capital Group Dividend Value ETF by 473.3% in the first quarter. Farther Finance Advisors LLC now owns 9,224 shares of the company’s stock valued at $330,000 after purchasing an additional 7,615 shares in the last quarter. CX Institutional acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at approximately $58,000. Fifth Third Bancorp acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at approximately $37,000. GPS Wealth Strategies Group LLC boosted its holdings in Capital Group Dividend Value ETF by 110.8% in the first quarter. GPS Wealth Strategies Group LLC now owns 14,333 shares of the company’s stock valued at $511,000 after purchasing an additional 7,535 shares in the last quarter. Finally, Sapient Capital LLC acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at approximately $227,000.

Capital Group Dividend Value ETF Stock Down 2.4%

Shares of CGDV opened at $41.33 on Friday. The stock has a 50 day moving average price of $41.55 and a 200 day moving average price of $38.73. The company has a market capitalization of $22.29 billion, a price-to-earnings 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 $42.66.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.1359 dividend. 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. This represents a $0.54 annualized dividend and a dividend yield of 1.3%.

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.