Mission Wealth Management LP Purchases 22,431 Shares of Capital Group Dividend Value ETF $CGDV

Mission Wealth Management LP grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.8% in the 2nd quarter, Holdings Channel reports. The firm owned 229,848 shares of the company’s stock after acquiring an additional 22,431 shares during the quarter. Mission Wealth Management LP’s holdings in Capital Group Dividend Value ETF were worth $9,077,000 at the end of the most recent quarter.

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

Capital Group Dividend Value ETF Stock Down 0.0%

NYSEARCA:CGDV opened at $42.66 on Friday. The company has a fifty day moving average of $42.01 and a 200-day moving average of $39.64. The firm has a market capitalization of $23.77 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $43.40.

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 paid a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend 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.