KPP Advisory Services LLC Cuts Position in Capital Group Dividend Value ETF $CGDV

KPP Advisory Services LLC trimmed its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 248,657 shares of the company’s stock after selling 24,434 shares during the period. Capital Group Dividend Value ETF makes up approximately 1.5% of KPP Advisory Services LLC’s holdings, making the stock its 15th largest position. KPP Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $10,451,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Capital Group Dividend Value ETF during the first quarter valued at $236,000. Beacon Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $78,000. Investment Advisory Services Inc. TX ADV boosted its stake in Capital Group Dividend Value ETF by 27.0% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 20,656 shares of the company’s stock worth $816,000 after purchasing an additional 4,392 shares in the last quarter. Genesis Private Wealth LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at about $424,000. Finally, Greenbush Financial Group LLC raised its holdings in Capital Group Dividend Value ETF by 16.3% in the second quarter. Greenbush Financial Group LLC now owns 236,410 shares of the company’s stock worth $9,336,000 after buying an additional 33,190 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.4%

NYSEARCA:CGDV opened at $44.62 on Tuesday. The stock has a market cap of $28.16 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50 day moving average price is $43.75 and its 200-day moving average price is $42.42. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $44.69.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. The ex-dividend date was Friday, December 26th. This represents a $0.77 annualized dividend and a yield of 1.7%. 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.