Summit Investment Advisory Services LLC grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,038,665 shares of the company’s stock after purchasing an additional 17,863 shares during the period. Capital Group Dividend Value ETF comprises approximately 12.6% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its largest position. Summit Investment Advisory Services LLC owned 0.13% of Capital Group Dividend Value ETF worth $50,739,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CGDV. Capital Analysts LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 27.8% during the 2nd quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after acquiring an additional 35,765 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in Capital Group Dividend Value ETF by 179.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock worth $53,826,000 after purchasing an additional 701,514 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its holdings in Capital Group Dividend Value ETF by 2.1% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock worth $63,200,000 after purchasing an additional 26,012 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Capital Group Dividend Value ETF by 2.1% in the second quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock valued at $47,863,000 after purchasing an additional 19,594 shares during the last quarter. Finally, PCG Wealth Advisors LLC raised its position in Capital Group Dividend Value ETF by 5.3% in the second quarter. PCG Wealth Advisors LLC now owns 681,934 shares of the company’s stock valued at $33,606,000 after purchasing an additional 34,563 shares during the last quarter.
Capital Group Dividend Value ETF Stock Down 0.1%
Capital Group Dividend Value ETF stock traded down $0.03 during trading hours on Friday, hitting $47.42. The stock had a trading volume of 3,543,328 shares, compared to its average volume of 4,071,599. The business’s 50 day simple moving average is $49.23 and its 200-day simple moving average is $47.54. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The stock has a market cap of $37.81 billion, a price-to-earnings 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. Investors of record on Wednesday, September 30th were issued a $0.1522 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%.
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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.
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