Spire Wealth Management Sells 5,105 Shares of Capital Group Dividend Value ETF $CGDV

Spire Wealth Management lowered its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,487 shares of the company’s stock after selling 5,105 shares during the quarter. Spire Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $3,218,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth approximately $32,000. Bank of New York Mellon Corp acquired a new stake in Capital Group Dividend Value ETF in the 1st quarter valued at $42,545,000. Per Stirling Capital Management LLC. boosted its stake in Capital Group Dividend Value ETF by 1.1% in the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock valued at $2,058,000 after buying an additional 644 shares in the last quarter. Brown Advisory Inc. boosted its stake in Capital Group Dividend Value ETF by 153.4% in the 1st quarter. Brown Advisory Inc. now owns 18,152 shares of the company’s stock valued at $647,000 after buying an additional 10,989 shares in the last quarter. Finally, Tempus Wealth Planning LLC boosted its stake in Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Tempus Wealth Planning LLC now owns 253,873 shares of the company’s stock valued at $10,025,000 after buying an additional 28,186 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $42.67 on Friday. The stock’s fifty day simple moving average is $41.99 and its 200 day simple moving average is $39.55. The firm has a market cap of $23.78 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $43.40.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF Company 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.