Financial Advocates Investment Management Sells 28,720 Shares of Capital Group Dividend Value ETF $CGDV

Financial Advocates Investment Management trimmed its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,899 shares of the company’s stock after selling 28,720 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 0.9% of Financial Advocates Investment Management’s holdings, making the stock its 26th biggest position. Financial Advocates Investment Management’s holdings in Capital Group Dividend Value ETF were worth $10,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $29,000. Washington Trust Advisors Inc. purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth $29,000. Capital Analysts LLC bought a new stake in Capital Group Dividend Value ETF during the first quarter valued at about $30,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF during the second quarter valued at about $35,000. Finally, Blue Trust Inc. lifted its position in shares of Capital Group Dividend Value ETF by 26.8% in the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 1.0%

NYSEARCA CGDV opened at $42.68 on Tuesday. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a 50-day moving average price of $42.37 and a 200-day moving average price of $40.59. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $43.56.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.1359 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. This is a boost 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.