Capital Group Dividend Value ETF $CGDV Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 417.4% during the 1st quarter, Holdings Channel reports. The fund owned 43,561 shares of the company’s stock after purchasing an additional 35,142 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,553,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CGDV. Ameriprise Financial Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $870,000. Royal Bank of Canada increased its holdings in Capital Group Dividend Value ETF by 28.6% in the fourth quarter. Royal Bank of Canada now owns 3,480,456 shares of the company’s stock valued at $122,721,000 after buying an additional 774,699 shares during the last quarter. Snowden Capital Advisors LLC increased its holdings in Capital Group Dividend Value ETF by 51.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 11,866 shares of the company’s stock valued at $418,000 after buying an additional 4,054 shares during the last quarter. Waverly Advisors LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $286,000. Finally, Continuum Advisory LLC increased its holdings in Capital Group Dividend Value ETF by 2.0% in the fourth quarter. Continuum Advisory LLC now owns 900,169 shares of the company’s stock valued at $31,740,000 after buying an additional 17,943 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $41.94 on Friday. The firm has a market capitalization of $20.58 billion, a PE ratio of 26.59 and a beta of 0.91. The business’s fifty day moving average price is $40.98 and its 200 day moving average price is $37.92. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $42.26.

Capital Group Dividend Value ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 30th were issued a $0.1295 dividend. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 30th.

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.