Capital Group Dividend Value ETF $CGDV Shares Purchased by Richmond Investment Services LLC

Richmond Investment Services LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 108.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,710 shares of the company’s stock after buying an additional 99,090 shares during the quarter. Capital Group Dividend Value ETF makes up 1.6% of Richmond Investment Services LLC’s holdings, making the stock its 13th biggest position. Richmond Investment Services LLC’s holdings in Capital Group Dividend Value ETF were worth $7,531,000 at the end of the most recent quarter.

A number of 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 second quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $29,000. Capital Analysts LLC acquired a new position in Capital Group Dividend Value ETF in the 1st quarter worth about $30,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF during the second quarter worth approximately $35,000. Finally, Blue Trust Inc. boosted its position in Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after purchasing an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $43.32 on Wednesday. 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 market capitalization of $24.45 billion, a PE ratio of 26.59 and a beta of 0.89. The business has a 50 day simple moving average of $42.40 and a 200-day simple moving average of $40.65.

Capital Group Dividend Value ETF Increases Dividend

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