Transcendent Capital Group LLC Raises Holdings in Capital Group Dividend Value ETF $CGDV

Transcendent Capital Group LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,442 shares of the company’s stock after buying an additional 2,422 shares during the quarter. Capital Group Dividend Value ETF comprises 1.5% of Transcendent Capital Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Transcendent Capital Group LLC’s holdings in Capital Group Dividend Value ETF were worth $2,821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CGDV. Concurrent Investment Advisors LLC raised its position in Capital Group Dividend Value ETF by 18.1% in the second quarter. Concurrent Investment Advisors LLC now owns 636,005 shares of the company’s stock worth $25,116,000 after acquiring an additional 97,548 shares in the last quarter. Investment Advisory Group LLC grew its stake in shares of Capital Group Dividend Value ETF by 18.5% during the 2nd quarter. Investment Advisory Group LLC now owns 8,869 shares of the company’s stock worth $350,000 after purchasing an additional 1,386 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of Capital Group Dividend Value ETF by 1,993.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 206,484 shares of the company’s stock valued at $8,154,000 after purchasing an additional 196,623 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 26.8% in the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after purchasing an additional 322 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its stake in shares of Capital Group Dividend Value ETF by 22.1% in the second quarter. Fourpath Capital Management LLC now owns 365,335 shares of the company’s stock valued at $14,427,000 after purchasing an additional 66,162 shares during the period.

Capital Group Dividend Value ETF Trading Down 2.4%

CGDV stock opened at $41.33 on Friday. The company’s 50-day moving average price is $41.55 and its 200 day moving average price is $38.74. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.66. The company has a market cap of $22.29 billion, a P/E ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

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