Sowell Financial Services LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 201.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,954 shares of the company’s stock after buying an additional 41,401 shares during the quarter. Sowell Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Carnegie Investment Counsel grew its position in Capital Group Dividend Value ETF by 18.4% during the 3rd quarter. Carnegie Investment Counsel now owns 25,284 shares of the company’s stock worth $1,235,000 after purchasing an additional 3,925 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in shares of Capital Group Dividend Value ETF by 14.8% during the third quarter. Integrated Advisors Network LLC now owns 28,063 shares of the company’s stock worth $1,371,000 after buying an additional 3,609 shares during the period. Diversify Advisory Services LLC boosted its stake in shares of Capital Group Dividend Value ETF by 3.9% during the third quarter. Diversify Advisory Services LLC now owns 221,217 shares of the company’s stock worth $10,926,000 after buying an additional 8,370 shares during the period. Capital Management Associates Inc boosted its stake in shares of Capital Group Dividend Value ETF by 10.0% during the third quarter. Capital Management Associates Inc now owns 47,863 shares of the company’s stock worth $2,338,000 after buying an additional 4,341 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF by 14.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 217,319 shares of the company’s stock worth $10,616,000 after buying an additional 26,711 shares during the last quarter.
Capital Group Dividend Value ETF Stock Up 0.0%
NYSEARCA CGDV opened at $49.18 on Thursday. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The business’s 50-day moving average price is $49.63 and its 200 day moving average price is $48.58. The firm has a market cap of $39.00 billion, a P/E ratio of 26.59 and a beta of 0.88.
Capital Group Dividend Value ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.
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.
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