DMKC Advisory Services LLC Buys New Stake in Capital Group Dividend Value ETF $CGDV

DMKC Advisory Services LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the second quarter, HoldingsChannel.com reports. The firm bought 30,203 shares of the company’s stock, valued at approximately $1,228,000.

Other hedge funds also recently bought and sold shares of the company. HBW Advisory Services LLC bought a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $357,000. Whipplewood Advisors LLC boosted its stake in Capital Group Dividend Value ETF by 18.9% during the 1st quarter. Whipplewood Advisors LLC now owns 8,752 shares of the company’s stock valued at $302,000 after purchasing an additional 1,391 shares during the period. Accel Wealth Management grew its holdings in Capital Group Dividend Value ETF by 27.0% in the 1st quarter. Accel Wealth Management now owns 52,612 shares of the company’s stock valued at $1,875,000 after buying an additional 11,195 shares during the last quarter. Secure Asset Management LLC increased its position in Capital Group Dividend Value ETF by 67.8% in the 1st quarter. Secure Asset Management LLC now owns 97,029 shares of the company’s stock worth $3,458,000 after buying an additional 39,218 shares during the period. Finally, Fermata Advisors LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 0.8% during the first quarter. Fermata Advisors LLC now owns 196,053 shares of the company’s stock worth $6,987,000 after buying an additional 1,540 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.6%

CGDV opened at $42.29 on Thursday. The business has a 50 day moving average of $41.35 and a 200-day moving average of $38.43. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $42.36.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend and a yield of 1.3%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.