Wealth Enhancement Advisory Services LLC Boosts Stake in Capital Group Dividend Value ETF $CGDV

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,732,963 shares of the company’s stock after buying an additional 81,325 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.31% of Capital Group Dividend Value ETF worth $73,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at approximately $236,000. UMB Bank n.a. purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $85,000. Farther Finance Advisors LLC lifted its position in Capital Group Dividend Value ETF by 230.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 30,436 shares of the company’s stock valued at $1,202,000 after acquiring an additional 21,212 shares during the period. Park Avenue Securities LLC lifted its position in Capital Group Dividend Value ETF by 4.7% during the 2nd quarter. Park Avenue Securities LLC now owns 91,228 shares of the company’s stock valued at $3,603,000 after acquiring an additional 4,124 shares during the period. Finally, Main Line Retirement Advisors LLC boosted its stake in Capital Group Dividend Value ETF by 761.7% during the second quarter. Main Line Retirement Advisors LLC now owns 502,516 shares of the company’s stock worth $19,844,000 after acquiring an additional 444,202 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 1.6%

Shares of CGDV stock traded down $0.71 during trading hours on Tuesday, hitting $43.84. 554,201 shares of the company’s stock traded hands, compared to its average volume of 5,433,920. The stock has a market cap of $27.34 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock’s fifty day simple moving average is $43.63 and its two-hundred day simple moving average is $42.28. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $44.67.

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 dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, December 26th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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