Essex Financial Services Inc. Increases Holdings in Capital Group Dividend Value ETF $CGDV

Essex Financial Services Inc. lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,655 shares of the company’s stock after purchasing an additional 13,431 shares during the period. Essex Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,947,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CGDV. Lincoln Capital LLC raised its position in Capital Group Dividend Value ETF by 1.4% in the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after acquiring an additional 235 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in shares of Capital Group Dividend Value ETF by 2.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock worth $550,000 after purchasing an additional 252 shares during the period. Ameriprise Financial Inc. increased its position in Capital Group Dividend Value ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after buying an additional 263 shares during the last quarter. Fiduciary Alliance LLC raised its stake in shares of Capital Group Dividend Value ETF by 0.9% in the third quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after buying an additional 276 shares during the period. Finally, Atlas Legacy Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF by 0.9% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 42,118 shares of the company’s stock valued at $1,770,000 after buying an additional 362 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $45.45 on Wednesday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01. The business has a 50-day moving average of $44.38 and a 200 day moving average of $42.92. The firm has a market cap of $29.02 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1928 per share. 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. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

Capital Group Dividend Value ETF 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.