Capital Group Dividend Value ETF $CGDV Shares Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,718 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $937,000 as of its most recent filing with the Securities and Exchange Commission.

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

Capital Group Dividend Value ETF Trading Up 0.2%

NYSEARCA CGDV opened at $42.75 on Tuesday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $43.40. The stock has a market cap of $24.08 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company has a 50-day moving average price of $42.04 and a two-hundred day moving average price of $39.75.

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 issued a $0.1359 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

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.