Saxony Capital Management LLC Boosts Stock Position in Capital Group Dividend Value ETF $CGDV

Saxony Capital Management LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 17.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,501 shares of the company’s stock after acquiring an additional 1,853 shares during the period. Saxony Capital Management LLC’s holdings in Capital Group Dividend Value ETF were worth $494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in Capital Group Dividend Value ETF during the 1st quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $29,000. Capital Analysts LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $30,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $32,000.

Capital Group Dividend Value ETF Trading Down 0.0%

Shares of CGDV stock opened at $42.66 on Friday. The company has a market cap of $23.77 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a 50 day simple moving average of $42.01 and a 200-day simple moving average of $39.61. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $43.40.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. This is a positive change 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%.

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.