Prime Capital Investment Advisors LLC Raises Holdings in Capital Group Dividend Value ETF $CGDV

Prime Capital Investment Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 66.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,646 shares of the company’s stock after buying an additional 57,391 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $6,037,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbor Investment Advisory LLC boosted its holdings in Capital Group Dividend Value ETF by 91.4% in the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock worth $2,098,000 after acquiring an additional 23,845 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at about $1,982,000. Future Financial Wealth Managment LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $5,649,000. Fermata Advisors LLC raised its position in shares of Capital Group Dividend Value ETF by 9.7% in the 3rd quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock valued at $9,002,000 after purchasing an additional 19,012 shares during the last quarter. Finally, Creative Planning boosted its stake in Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock worth $1,335,000 after purchasing an additional 3,747 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 2.4%

NYSEARCA:CGDV opened at $45.47 on Friday. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $45.55. The company has a market cap of $29.04 billion, a PE ratio of 26.59 and a beta of 0.89. The company’s 50 day moving average is $44.11 and its two-hundred day moving average is $42.66.

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 given a $0.1928 dividend. 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 a positive change 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.