RFG Advisory LLC Sells 39,644 Shares of Capital Group Dividend Value ETF $CGDV

RFG Advisory LLC lowered its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 171,932 shares of the company’s stock after selling 39,644 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $6,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Acorn Financial Advisory Services Inc. ADV lifted its position in shares of Capital Group Dividend Value ETF by 23.4% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 9,076 shares of the company’s stock worth $358,000 after buying an additional 1,724 shares in the last quarter. Total Clarity Wealth Management Inc. lifted its position in shares of Capital Group Dividend Value ETF by 140.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 63,797 shares of the company’s stock worth $2,519,000 after buying an additional 37,296 shares in the last quarter. M.E. Allison & CO. Inc. lifted its position in shares of Capital Group Dividend Value ETF by 9.5% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 125,618 shares of the company’s stock worth $4,961,000 after buying an additional 10,883 shares in the last quarter. Bill Few Associates Inc. lifted its position in shares of Capital Group Dividend Value ETF by 21.2% during the 2nd quarter. Bill Few Associates Inc. now owns 123,862 shares of the company’s stock worth $4,891,000 after buying an additional 21,699 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Capital Group Dividend Value ETF by 6,083.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 15,829 shares of the company’s stock worth $625,000 after buying an additional 15,573 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 1.2%

Capital Group Dividend Value ETF stock opened at $41.83 on Tuesday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.66. The company’s 50 day moving average price is $41.57 and its two-hundred day moving average price is $38.81. The stock has a market cap of $22.66 billion, a P/E ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The business 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. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%.

About Capital Group Dividend Value ETF

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.