Nations Financial Group Inc. IA ADV Acquires 21,580 Shares of Capital Group Dividend Value ETF $CGDV

Nations Financial Group Inc. IA ADV boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 265,722 shares of the company’s stock after acquiring an additional 21,580 shares during the period. Capital Group Dividend Value ETF makes up 0.7% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 25th largest holding. Nations Financial Group Inc. IA ADV’s holdings in Capital Group Dividend Value ETF were worth $11,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth approximately $29,000. Washington Trust Advisors Inc. purchased a new stake in Capital Group Dividend Value ETF in the second quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $35,000. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after buying an additional 1,146 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $44.55 on Friday. The firm has a market capitalization of $28.96 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.67. The business has a fifty day moving average of $43.60 and a 200 day moving average of $42.22.

Capital Group Dividend Value ETF Increases Dividend

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

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.