Capital International Investors Sells 1,189,928 Shares of Capital Group Dividend Value ETF $CGDV

Capital International Investors reduced its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,501,357 shares of the company’s stock after selling 1,189,928 shares during the quarter. Capital International Investors’ holdings in Capital Group Dividend Value ETF were worth $945,732,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Capital Group Dividend Value ETF by 38,200.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after purchasing an additional 1,146 shares during the period. Huntington National Bank purchased a new stake in shares of Capital Group Dividend Value ETF in the third quarter worth $49,000. CENTRAL TRUST Co bought a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $52,000. Finally, Trust Co. of Vermont lifted its stake in shares of Capital Group Dividend Value ETF by 83.0% during the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after buying an additional 611 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $44.49 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 company has a market capitalization of $28.41 billion, a P/E ratio of 26.59 and a beta of 0.89. The company has a fifty day moving average of $44.84 and a 200 day moving average of $43.38.

Capital Group Dividend Value ETF Increases Dividend

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

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.