16,814 Shares in Capital Group Dividend Value ETF $CGDV Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,814 shares of the company’s stock, valued at approximately $707,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after purchasing an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after purchasing an additional 1,513,067 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Dividend Value ETF by 10.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after buying an additional 1,496,823 shares in the last quarter. Bank of America Corp DE lifted its stake in Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after buying an additional 2,471,984 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 17.1% during the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after buying an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $44.29 on Thursday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $44.67. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a fifty day moving average of $43.65 and a two-hundred day moving average of $42.32.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.1928 dividend. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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