Confluence Wealth Services Inc. increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,814,179 shares of the company’s stock after buying an additional 854,553 shares during the quarter. Capital Group Dividend Value ETF makes up 9.9% of Confluence Wealth Services Inc.’s holdings, making the stock its biggest position. Confluence Wealth Services Inc. owned about 0.96% of Capital Group Dividend Value ETF worth $381,723,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its stake in Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Capital Group Dividend Value ETF by 9.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,609,979 shares of the company’s stock worth $371,747,000 after purchasing an additional 654,911 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Capital Group Dividend Value ETF by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 3,780,677 shares of the company’s stock valued at $184,686,000 after purchasing an additional 48,151 shares during the period.
Capital Group Dividend Value ETF Stock Performance
Shares of CGDV stock opened at $48.48 on Wednesday. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The stock has a market cap of $38.68 billion, a price-to-earnings ratio of 23.29 and a beta of 0.89. The firm’s 50-day moving average is $49.16 and its 200-day moving average is $47.59.
Capital Group Dividend Value ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1522 dividend. 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. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.3%.
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.
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