Wedbush Securities Inc. Cuts Stake in Capital Group Dividend Value ETF $CGDV

Wedbush Securities Inc. reduced its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 58.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,446 shares of the company’s stock after selling 282,255 shares during the quarter. Wedbush Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $7,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF in the second quarter worth $29,000. Capital Analysts LLC bought a new position in shares of Capital Group Dividend Value ETF during the first quarter valued at $30,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at $35,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $42.58 on Friday. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $43.40. The stock has a 50-day moving average of $42.12 and a 200 day moving average of $39.92. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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 dividend of $0.1359 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend 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.