Capital Group Dividend Value ETF $CGDV Stock: Genesis Private Wealth LLC Increases Holdings

Genesis Private Wealth LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 26.2% in the third quarter, Holdings Channel.com reports. The firm owned 132,098 shares of the company’s stock after purchasing an additional 27,413 shares during the quarter. Capital Group Dividend Value ETF comprises 1.8% of Genesis Private Wealth LLC’s portfolio, making the stock its 18th biggest holding. Genesis Private Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $6,453,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CGDV. Provenance Wealth Advisors LLC bought a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $33,000. Torren Management LLC bought a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $58,000. CoreCap Advisors LLC grew its holdings in Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after acquiring an additional 218 shares during the last quarter. Compass Financial Management LLC acquired a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $73,000. Finally, Beacon Financial Strategies CORP acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $79,000.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $47.45 on Friday. The company has a market capitalization of $38.52 billion, a P/E ratio of 26.59 and a beta of 0.88. The company has a fifty day moving average price of $49.29 and a 200-day moving average price of $47.52. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, September 30th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.