Smith Moore & CO. Sells 3,265 Shares of Capital Group Dividend Value ETF $CGDV

Smith Moore & CO. trimmed its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,535 shares of the company’s stock after selling 3,265 shares during the quarter. Capital Group Dividend Value ETF makes up 1.0% of Smith Moore & CO.’s holdings, making the stock its 21st biggest holding. Smith Moore & CO.’s holdings in Capital Group Dividend Value ETF were worth $11,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Capital Group Dividend Value ETF in the 1st quarter worth approximately $395,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Capital Group Dividend Value ETF during the first quarter worth $231,000. US Bancorp DE lifted its holdings in Capital Group Dividend Value ETF by 103.2% in the first quarter. US Bancorp DE now owns 105,023 shares of the company’s stock valued at $3,743,000 after buying an additional 53,340 shares during the period. IFG Advisory LLC boosted its position in Capital Group Dividend Value ETF by 49.3% during the first quarter. IFG Advisory LLC now owns 39,130 shares of the company’s stock valued at $1,395,000 after acquiring an additional 12,914 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Capital Group Dividend Value ETF by 92.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,010 shares of the company’s stock worth $107,000 after acquiring an additional 1,450 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.4%

CGDV stock opened at $43.84 on Monday. The stock has a 50-day moving average price of $42.50 and a 200-day moving average price of $40.80. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $43.86. The firm has a market cap of $24.74 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued 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 was Tuesday, September 30th. This is a positive change 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.