Lodestar Private Asset Management LLC Sells 3,354 Shares of Capital Group Dividend Value ETF $CGDV

Lodestar Private Asset Management LLC trimmed its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,814 shares of the company’s stock after selling 3,354 shares during the period. Lodestar Private Asset Management LLC’s holdings in Capital Group Dividend Value ETF were worth $3,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF by 473.3% in the first quarter. Farther Finance Advisors LLC now owns 9,224 shares of the company’s stock worth $330,000 after purchasing an additional 7,615 shares in the last quarter. CX Institutional acquired a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $58,000. Fifth Third Bancorp bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $37,000. Sapient Capital LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $227,000. Finally, Goldstone Financial Group LLC lifted its stake in Capital Group Dividend Value ETF by 8.0% in the first quarter. Goldstone Financial Group LLC now owns 24,210 shares of the company’s stock valued at $863,000 after acquiring an additional 1,789 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $41.33 on Friday. The company has a 50-day simple moving average of $41.55 and a 200 day simple moving average of $38.74. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $42.66. The company has a market capitalization of $22.29 billion, a P/E ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

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

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.