IMG Wealth Management Inc. Boosts Stock Position in Capital Group Dividend Value ETF $CGDV

IMG Wealth Management Inc. lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,549 shares of the company’s stock after purchasing an additional 16,557 shares during the period. Capital Group Dividend Value ETF accounts for approximately 6.8% of IMG Wealth Management Inc.’s portfolio, making the stock its 2nd biggest holding. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $8,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the 1st quarter valued at approximately $32,000. Bank of New York Mellon Corp acquired a new stake in Capital Group Dividend Value ETF during the first quarter valued at approximately $42,545,000. Per Stirling Capital Management LLC. boosted its holdings in shares of Capital Group Dividend Value ETF by 1.1% in the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock worth $2,058,000 after acquiring an additional 644 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 153.4% in the 1st quarter. Brown Advisory Inc. now owns 18,152 shares of the company’s stock worth $647,000 after acquiring an additional 10,989 shares in the last quarter. Finally, Tempus Wealth Planning LLC lifted its holdings in Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Tempus Wealth Planning LLC now owns 253,873 shares of the company’s stock worth $10,025,000 after buying an additional 28,186 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $42.14 on Tuesday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.66. The firm has a fifty day moving average of $41.70 and a two-hundred day moving average of $39.05. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. 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.