Quantum Financial Planning Services Inc. Invests $4.51 Million in Capital Group Dividend Value ETF $CGDV

Quantum Financial Planning Services Inc. acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 114,223 shares of the company’s stock, valued at approximately $4,511,000. Capital Group Dividend Value ETF makes up about 2.1% of Quantum Financial Planning Services Inc.’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of Capital Group Dividend Value ETF by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after purchasing an additional 322 shares in the last quarter. Warner Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 3.4% in the 1st quarter. Warner Financial Inc. now owns 10,242 shares of the company’s stock worth $365,000 after acquiring an additional 341 shares during the last quarter. Lodestar Private Asset Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 0.4% in the 1st quarter. Lodestar Private Asset Management LLC now owns 81,168 shares of the company’s stock worth $2,893,000 after acquiring an additional 353 shares during the last quarter. MSH Capital Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 1.4% in the 1st quarter. MSH Capital Advisors LLC now owns 28,152 shares of the company’s stock worth $1,003,000 after acquiring an additional 383 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 2.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 21,024 shares of the company’s stock worth $749,000 after acquiring an additional 404 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $41.33 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $42.66. The firm has a market capitalization of $22.29 billion, a PE ratio of 26.59 and a beta of 0.91. The company’s 50-day moving average is $41.55 and its 200 day moving average is $38.74.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost 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.