Financial Council LLC Sells 3,651 Shares of Capital Group Dividend Value ETF $CGDV

Financial Council LLC lessened its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 39,628 shares of the company’s stock after selling 3,651 shares during the period. Capital Group Dividend Value ETF comprises 0.8% of Financial Council LLC’s investment portfolio, making the stock its 26th largest holding. Financial Council LLC’s holdings in Capital Group Dividend Value ETF were worth $1,565,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $32,000. Bank of New York Mellon Corp bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $42,545,000. Per Stirling Capital Management LLC. lifted its holdings in shares of Capital Group Dividend Value ETF by 1.1% in the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock worth $2,058,000 after acquiring an additional 644 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $37,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 153.4% in the 1st quarter. Brown Advisory Inc. now owns 18,152 shares of the company’s stock worth $647,000 after acquiring an additional 10,989 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.1%

Capital Group Dividend Value ETF stock opened at $42.34 on Friday. The firm has a 50-day moving average price of $41.40 and a 200-day moving average price of $38.52. The firm has a market capitalization of $22.54 billion, a PE ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

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

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.