Cetera Investment Advisers Purchases 1,730,269 Shares of Capital Group Dividend Value ETF $CGDV

Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 17.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,850,016 shares of the company’s stock after purchasing an additional 1,730,269 shares during the period. Capital Group Dividend Value ETF makes up about 0.8% of Cetera Investment Advisers’ portfolio, making the stock its 14th biggest holding. Cetera Investment Advisers’ holdings in Capital Group Dividend Value ETF were worth $467,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CGDV. CWS Financial Advisors LLC lifted its stake in Capital Group Dividend Value ETF by 1.8% during the second quarter. CWS Financial Advisors LLC now owns 25,480 shares of the company’s stock worth $1,006,000 after purchasing an additional 442 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 48.9% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 89,010 shares of the company’s stock worth $3,515,000 after buying an additional 29,245 shares in the last quarter. Creative Planning lifted its position in shares of Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock worth $1,335,000 after buying an additional 3,747 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in Capital Group Dividend Value ETF by 278.7% in the second quarter. Meridian Wealth Management LLC now owns 54,895 shares of the company’s stock valued at $2,168,000 after buying an additional 40,400 shares in the last quarter. Finally, Security Financial Services INC. acquired a new stake in Capital Group Dividend Value ETF in the second quarter valued at about $363,000.

Capital Group Dividend Value ETF Trading Up 0.1%

Shares of NYSEARCA CGDV opened at $42.88 on Friday. The company has a market cap of $24.20 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 $43.56. The stock has a 50-day moving average price of $42.30 and a two-hundred day moving average price of $40.23.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.3%.

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.