Freedom Financial Partners LLC Makes New Investment in Capital Group Dividend Value ETF $CGDV

Freedom Financial Partners LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 126,661 shares of the company’s stock, valued at approximately $5,324,000. Capital Group Dividend Value ETF accounts for approximately 2.0% of Freedom Financial Partners LLC’s portfolio, making the stock its 16th biggest holding.

Other large investors have also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $29,000. Washington Trust Advisors Inc. purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $35,000. Banco de Sabadell S.A bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $47,000. Finally, Blue Trust Inc. lifted its position in shares of Capital Group Dividend Value ETF by 26.8% in 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 during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $43.93 on Wednesday. The company has a market cap of $24.79 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $44.26. The firm’s 50 day moving average price is $43.22 and its 200-day moving average price is $41.77.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.