JPMorgan Chase & Co. Acquires 83,790 Shares of Capital Group Dividend Value ETF $CGDV

JPMorgan Chase & Co. increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 42.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 282,103 shares of the company’s stock after acquiring an additional 83,790 shares during the period. JPMorgan Chase & Co.’s holdings in Capital Group Dividend Value ETF were worth $11,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGDV. Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at $47,000. MassMutual Private Wealth & Trust FSB boosted its position in Capital Group Dividend Value ETF by 38,200.0% in 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. CENTRAL TRUST Co purchased a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at about $52,000. Trust Co. of Vermont grew its stake in Capital Group Dividend Value ETF by 83.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after acquiring an additional 611 shares in the last quarter. Finally, Simplex Trading LLC increased its position in shares of Capital Group Dividend Value ETF by 692.6% during the second quarter. Simplex Trading LLC now owns 1,600 shares of the company’s stock worth $63,000 after acquiring an additional 1,870 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $44.73 on Friday. The company has a market capitalization of $28.56 billion, a PE ratio of 26.59 and a beta of 0.89. The company has a 50 day moving average price of $44.81 and a 200-day moving average price of $43.28. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company 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 dividend on an annualized basis 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 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.