Kingsview Wealth Management LLC Raises Holdings in Capital Group Dividend Value ETF $CGDV

Kingsview Wealth Management LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 149.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,169 shares of the company’s stock after acquiring an additional 77,965 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $29,000. Washington Trust Advisors Inc. acquired a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. Capital Analysts LLC purchased a new stake in Capital Group Dividend Value ETF during the first quarter worth approximately $30,000. FNY Investment Advisers LLC purchased a new stake in Capital Group Dividend Value ETF during the second quarter worth approximately $35,000. Finally, Blue Trust Inc. increased its position in shares of Capital Group Dividend Value ETF by 26.8% in the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after acquiring an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.8%

NYSEARCA:CGDV opened at $42.54 on Tuesday. The firm’s fifty day simple moving average is $42.32 and its 200 day simple moving average is $40.35. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $43.56. The firm has a market capitalization of $24.01 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 announced 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 represents a $0.54 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

Capital Group Dividend Value ETF Company 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.