C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 105,632 Capital Group Dividend Value ETF $CGDV

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 105,632 shares of the company’s stock, valued at approximately $4,171,000.

A number of other hedge funds have also bought and sold shares of the stock. LPL Financial LLC increased its stake in Capital Group Dividend Value ETF by 34.0% during the 1st quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after purchasing an additional 7,468,408 shares in the last quarter. Raymond James Financial Inc. increased its stake in Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock valued at $618,484,000 after purchasing an additional 301,908 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Value ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock valued at $660,300,000 after purchasing an additional 1,513,067 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after purchasing an additional 2,220,112 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Capital Group Dividend Value ETF by 19.8% during the 1st quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock valued at $360,668,000 after purchasing an additional 1,672,691 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.0%

Shares of Capital Group Dividend Value ETF stock opened at $42.66 on Friday. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $43.40. The firm’s 50 day simple moving average is $42.01 and its two-hundred day simple moving average is $39.64.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. 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.