LongView Wealth Management lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 8.7% during the third quarter, HoldingsChannel reports. The firm owned 264,674 shares of the company’s stock after purchasing an additional 21,086 shares during the quarter. Capital Group Dividend Value ETF accounts for about 3.1% of LongView Wealth Management’s investment portfolio, making the stock its 6th biggest holding. LongView Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $12,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Wealth Network Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 7.2% in the third quarter. Independent Wealth Network Inc. now owns 30,237 shares of the company’s stock worth $1,477,000 after acquiring an additional 2,022 shares during the period. Narus Financial Partners LLC lifted its position in Capital Group Dividend Value ETF by 49.4% in the 3rd quarter. Narus Financial Partners LLC now owns 16,628 shares of the company’s stock worth $812,000 after buying an additional 5,501 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in Capital Group Dividend Value ETF by 2.7% in the third quarter. Onyx Bridge Wealth Group LLC now owns 686,353 shares of the company’s stock worth $33,544,000 after buying an additional 18,129 shares in the last quarter. Smith Thornton Advisors LLC boosted its stake in Capital Group Dividend Value ETF by 2.2% in the third quarter. Smith Thornton Advisors LLC now owns 260,296 shares of the company’s stock worth $12,715,000 after buying an additional 5,684 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Capital Group Dividend Value ETF by 4.3% in the third quarter. IFP Advisors Inc now owns 694,874 shares of the company’s stock worth $33,945,000 after buying an additional 28,777 shares in the last quarter.
Capital Group Dividend Value ETF Price Performance
NYSEARCA CGDV traded up $0.20 on Monday, reaching $49.13. 1,230,184 shares of the company’s stock traded hands, compared to its average volume of 4,115,556. Capital Group Dividend Value ETF has a 12 month low of $41.31 and a 12 month high of $51.63. The stock has a 50-day simple moving average of $49.76 and a 200 day simple moving average of $48.44. The stock has a market cap of $38.89 billion, a PE ratio of 26.59 and a beta of 0.88.
Capital Group Dividend Value ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%.
Capital Group Dividend Value ETF 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.
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