Riverview Capital Advisers LLC Purchases 18,576 Shares of Capital Group Dividend Value ETF $CGDV

Riverview Capital Advisers LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,590 shares of the company’s stock after purchasing an additional 18,576 shares during the period. Capital Group Dividend Value ETF accounts for approximately 2.5% of Riverview Capital Advisers LLC’s investment portfolio, making the stock its 11th biggest holding. Riverview Capital Advisers LLC’s holdings in Capital Group Dividend Value ETF were worth $8,702,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after acquiring an additional 1,465,566 shares in the last quarter. Capital International Investors grew its stake in shares of Capital Group Dividend Value ETF by 1.8% in the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after acquiring an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers increased its position in Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after acquiring an additional 1,959,868 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.0%

Shares of Capital Group Dividend Value ETF stock opened at $50.08 on Friday. Capital Group Dividend Value ETF has a twelve month low of $41.08 and a twelve month high of $51.63. The company has a 50-day simple moving average of $49.78 and a two-hundred day simple moving average of $47.36. The stock has a market capitalization of $37.98 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.1471 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 30th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11.

About Capital Group Dividend Value ETF

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.