Silvia Mccoll Wealth Management LLC Makes New $15.02 Million Investment in Capital Group Dividend Value ETF $CGDV

Silvia Mccoll Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 380,357 shares of the company’s stock, valued at approximately $15,020,000. Capital Group Dividend Value ETF accounts for about 10.9% of Silvia Mccoll Wealth Management LLC’s investment portfolio, making the stock its largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $32,000. Bank of New York Mellon Corp acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $42,545,000. Per Stirling Capital Management LLC. increased its position in Capital Group Dividend Value ETF by 1.1% during the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock worth $2,058,000 after purchasing an additional 644 shares during the period. Fifth Third Bancorp acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $37,000. Finally, Brown Advisory Inc. increased its position in Capital Group Dividend Value ETF by 153.4% during the 1st quarter. Brown Advisory Inc. now owns 18,152 shares of the company’s stock worth $647,000 after purchasing an additional 10,989 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.1%

NYSEARCA CGDV opened at $42.34 on Friday. The business’s 50 day moving average is $41.40 and its two-hundred day moving average is $38.54. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $42.53. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.1359 dividend. This represents a $0.54 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase 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.