Endeavor Private Wealth Inc. cut its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,021 shares of the company’s stock after selling 13,013 shares during the quarter. Capital Group Dividend Value ETF comprises about 1.1% of Endeavor Private Wealth Inc.’s investment portfolio, making the stock its 25th biggest holding. Endeavor Private Wealth Inc.’s holdings in Capital Group Dividend Value ETF were worth $4,362,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of CGDV. Ritholtz Wealth Management bought a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth approximately $275,000. Jacobi Capital Management LLC lifted its stake in Capital Group Dividend Value ETF by 6.5% during the third quarter. Jacobi Capital Management LLC now owns 81,954 shares of the company’s stock valued at $4,003,000 after purchasing an additional 4,973 shares during the last quarter. Silver Grove Financial Group Inc. lifted its stake in Capital Group Dividend Value ETF by 11.6% during the third quarter. Silver Grove Financial Group Inc. now owns 11,443 shares of the company’s stock valued at $559,000 after purchasing an additional 1,185 shares during the last quarter. Northbridge Financial Group LLC lifted its stake in Capital Group Dividend Value ETF by 15.4% during the third quarter. Northbridge Financial Group LLC now owns 12,625 shares of the company’s stock valued at $629,000 after purchasing an additional 1,683 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in Capital Group Dividend Value ETF by 12.3% during the third quarter. Confluence Wealth Services Inc. now owns 7,814,179 shares of the company’s stock worth $381,723,000 after buying an additional 854,553 shares in the last quarter.
Capital Group Dividend Value ETF Stock Performance
Shares of NYSEARCA:CGDV opened at $49.08 on Thursday. The stock has a market capitalization of $39.16 billion, a price-to-earnings ratio of 23.29 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The company has a 50 day moving average price of $49.15 and a 200 day moving average price of $47.61.
Capital Group Dividend Value ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. 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 dividend yield of 1.2%.
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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