Woodmont Investment Counsel LLC Purchases 5,034 Shares of Capital Group Dividend Value ETF $CGDV

Woodmont Investment Counsel LLC increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 46,341 shares of the company’s stock after buying an additional 5,034 shares during the period. Woodmont Investment Counsel LLC’s holdings in Capital Group Dividend Value ETF were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of CGDV. Hughes Financial Services LLC bought a new position in Capital Group Dividend Value ETF in the 1st quarter worth $28,000. Trust Co. of Vermont bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $29,000. Capital Analysts LLC bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth about $30,000. Golden State Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth about $32,000. Finally, Fifth Third Bancorp bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth about $37,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $42.34 on Monday. The firm’s 50-day moving average is $41.40 and its 200-day moving average is $38.56. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $42.53. The company has a market cap 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This represents a $0.54 annualized dividend and a dividend 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.