VestGen Advisors LLC Acquires 278,133 Shares of Capital Group Dividend Value ETF $CGDV

VestGen Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 204.5% during the second quarter, HoldingsChannel reports. The firm owned 414,150 shares of the company’s stock after purchasing an additional 278,133 shares during the period. VestGen Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $16,633,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in Capital Group Dividend Value ETF by 1.8% in the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock valued at $618,484,000 after buying an additional 301,908 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Capital Group Dividend Value ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after acquiring an additional 1,513,067 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after acquiring an additional 1,496,823 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after purchasing an additional 1,730,269 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 6.2% in the second quarter. Commonwealth Equity Services LLC now owns 9,864,666 shares of the company’s stock valued at $389,556,000 after purchasing an additional 576,953 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.4%

Shares of NYSEARCA:CGDV opened at $43.84 on Friday. The business’s 50 day moving average is $42.50 and its 200 day moving average is $40.77. The stock has a market cap of $24.74 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.86.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.2%. 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.

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.