Prospera Financial Services Inc Raises Holdings in Capital Group Dividend Value ETF $CGDV

Prospera Financial Services Inc increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.3% during the 2nd quarter, Holdings Channel reports. The fund owned 1,047,176 shares of the company’s stock after purchasing an additional 53,082 shares during the quarter. Capital Group Dividend Value ETF makes up about 0.8% of Prospera Financial Services Inc’s investment portfolio, making the stock its 20th largest position. Prospera Financial Services Inc’s holdings in Capital Group Dividend Value ETF were worth $41,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $28,000. Trust Co. of Vermont purchased a new stake in Capital Group Dividend Value ETF during the second quarter worth $29,000. Washington Trust Advisors Inc. acquired a new stake in Capital Group Dividend Value ETF during the second quarter valued at $29,000. Capital Analysts LLC acquired a new stake in Capital Group Dividend Value ETF during the first quarter valued at $30,000. Finally, FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF in the second quarter valued at $35,000.

Capital Group Dividend Value ETF Stock Up 0.6%

CGDV stock opened at $42.58 on Friday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.40. The company’s 50-day simple moving average is $42.12 and its 200-day simple moving average is $39.92. The firm has a market cap of $24.03 billion, a P/E ratio of 26.59 and a beta of 0.89.

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 given a $0.1359 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

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.