Valmark Advisers Inc. Buys 65,727 Shares of Capital Group Dividend Value ETF $CGDV

Valmark Advisers Inc. lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.5% during the third quarter, HoldingsChannel.com reports. The fund owned 943,458 shares of the company’s stock after buying an additional 65,727 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Dividend Value ETF were worth $39,654,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CGDV. Trueblood Wealth Management LLC increased its holdings in Capital Group Dividend Value ETF by 5.7% during the 3rd quarter. Trueblood Wealth Management LLC now owns 34,542 shares of the company’s stock worth $1,452,000 after purchasing an additional 1,852 shares during the period. Seamount Financial Group Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 6.2% in the 3rd quarter. Seamount Financial Group Inc. now owns 207,757 shares of the company’s stock worth $8,732,000 after buying an additional 12,191 shares during the period. Capital Investment Advisors LLC grew its position in shares of Capital Group Dividend Value ETF by 19.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 69,613 shares of the company’s stock worth $2,926,000 after buying an additional 11,389 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Capital Group Dividend Value ETF by 8.2% during the third quarter. Benjamin Edwards Inc. now owns 880,131 shares of the company’s stock valued at $36,992,000 after buying an additional 66,599 shares during the period. Finally, A&I Financial Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 3.3% in the third quarter. A&I Financial Services LLC now owns 78,307 shares of the company’s stock valued at $3,312,000 after acquiring an additional 2,525 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $44.46 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $44.50. The company has a 50-day moving average of $43.41 and a 200 day moving average of $42.03. The firm has a market cap of $27.12 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, December 26th.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.