Capital Group Dividend Value ETF $CGDV Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. reduced its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 76.1% during the 2nd quarter, Holdings Channel reports. The fund owned 2,196 shares of the company’s stock after selling 6,998 shares during the period. Ameriflex Group Inc.’s holdings in Capital Group Dividend Value ETF were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. Thurston Springer Miller Herd & Titak Inc. lifted its position in Capital Group Dividend Value ETF by 56.1% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,034 shares of the company’s stock valued at $322,000 after purchasing an additional 3,246 shares during the period. Stablepoint Partners LLC acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth about $607,000. Pines Wealth Management LLC raised its stake in shares of Capital Group Dividend Value ETF by 6.2% during the 1st quarter. Pines Wealth Management LLC now owns 45,796 shares of the company’s stock valued at $1,632,000 after buying an additional 2,678 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 21.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 58,112 shares of the company’s stock valued at $2,071,000 after buying an additional 10,213 shares during the period. Finally, NavPoint Financial Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth about $268,000.

Capital Group Dividend Value ETF Stock Down 0.1%

Capital Group Dividend Value ETF stock opened at $42.34 on Friday. The business’s 50-day moving average price is $41.40 and its 200 day moving average price is $38.54. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

About Capital Group Dividend Value ETF

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.