Menora Mivtachim Holdings LTD. Increases Holdings in Capital Group Dividend Value ETF $CGDV

Menora Mivtachim Holdings LTD. lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 310,856 shares of the company’s stock after purchasing an additional 12,372 shares during the quarter. Menora Mivtachim Holdings LTD.’s holdings in Capital Group Dividend Value ETF were worth $13,065,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CGDV. Banco de Sabadell S.A bought a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Capital Group Dividend Value ETF by 38,200.0% during the third 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. Huntington National Bank bought a new stake in shares of Capital Group Dividend Value ETF during the third quarter valued at about $49,000. CENTRAL TRUST Co purchased a new stake in shares of Capital Group Dividend Value ETF in the third quarter worth about $52,000. Finally, Trust Co. of Vermont lifted its holdings in shares of Capital Group Dividend Value ETF by 83.0% in the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after buying an additional 611 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 1.9%

CGDV stock opened at $43.70 on Friday. The firm has a 50 day moving average of $44.86 and a 200-day moving average of $43.39. The firm has a market capitalization of $27.91 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.77 annualized dividend and a yield of 1.8%. This is a boost 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.