Rather & Kittrell Inc. Has $1.68 Million Stock Position in Capital Group Dividend Value ETF $CGDV

Rather & Kittrell Inc. boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 100.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,056 shares of the company’s stock after buying an additional 20,095 shares during the period. Rather & Kittrell Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at approximately $236,000. Focus Financial Network Inc. purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $1,774,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 2.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,651,638 shares of the company’s stock valued at $66,363,000 after purchasing an additional 32,422 shares in the last quarter. AA Financial Advisors LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 9.7% in the second quarter. AA Financial Advisors LLC now owns 686,813 shares of the company’s stock valued at $27,122,000 after purchasing an additional 60,800 shares in the last quarter. Finally, Lantz Financial LLC boosted its position in shares of Capital Group Dividend Value ETF by 1.2% in the second quarter. Lantz Financial LLC now owns 42,633 shares of the company’s stock worth $1,684,000 after buying an additional 494 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

Shares of CGDV stock opened at $44.55 on Friday. The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $44.67. The stock’s fifty day simple moving average is $43.60 and its 200-day simple moving average is $42.22.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced 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 1.7%. This is a positive change 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.