Capital Group Dividend Value ETF $CGDV Shares Bought by Souders Financial Advisors

Souders Financial Advisors raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,298,522 shares of the company’s stock after acquiring an additional 89,720 shares during the period. Capital Group Dividend Value ETF accounts for about 6.5% of Souders Financial Advisors’ investment portfolio, making the stock its 3rd biggest holding. Souders Financial Advisors’ holdings in Capital Group Dividend Value ETF were worth $51,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Capital Group Dividend Value ETF during the first quarter worth approximately $42,545,000. Brown Advisory Inc. boosted its position in shares of Capital Group Dividend Value ETF by 153.4% during the first quarter. Brown Advisory Inc. now owns 18,152 shares of the company’s stock worth $647,000 after buying an additional 10,989 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of Capital Group Dividend Value ETF by 2.4% during the first quarter. Stratos Wealth Advisors LLC now owns 55,756 shares of the company’s stock worth $1,987,000 after buying an additional 1,313 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Capital Group Dividend Value ETF by 26.5% during the first quarter. Stratos Wealth Partners LTD. now owns 65,873 shares of the company’s stock worth $2,348,000 after buying an additional 13,811 shares during the period. Finally, Silverlake Wealth Management LLC boosted its position in shares of Capital Group Dividend Value ETF by 2.8% during the first quarter. Silverlake Wealth Management LLC now owns 71,820 shares of the company’s stock worth $2,560,000 after buying an additional 1,935 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.3%

Shares of NYSEARCA CGDV opened at $42.58 on Thursday. The stock has a 50 day simple moving average of $42.08 and a 200-day simple moving average of $39.83. The company has a market cap of $24.03 billion, a PE 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.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1359 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

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.