Capital Group Dividend Value ETF $CGDV Shares Purchased by IFG Advisory LLC

IFG Advisory LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 99.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 624,125 shares of the company’s stock after acquiring an additional 311,364 shares during the period. Capital Group Dividend Value ETF accounts for about 1.0% of IFG Advisory LLC’s portfolio, making the stock its 12th largest holding. IFG Advisory LLC owned approximately 0.08% of Capital Group Dividend Value ETF worth $30,489,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Forge Financial Services LLC grew its holdings in shares of Capital Group Dividend Value ETF by 0.7% during the 3rd quarter. Forge Financial Services LLC now owns 5,726,352 shares of the company’s stock worth $279,848,000 after purchasing an additional 39,483 shares during the period. MSH Capital Advisors LLC raised its holdings in Capital Group Dividend Value ETF by 22.9% in the 3rd quarter. MSH Capital Advisors LLC now owns 55,133 shares of the company’s stock valued at $2,693,000 after buying an additional 10,273 shares during the period. Cornerstone Advisory LLC raised its holdings in Capital Group Dividend Value ETF by 26.2% in the 3rd quarter. Cornerstone Advisory LLC now owns 230,778 shares of the company’s stock valued at $11,273,000 after buying an additional 47,867 shares during the period. Financial Freedom LLC raised its holdings in Capital Group Dividend Value ETF by 114.4% in the 3rd quarter. Financial Freedom LLC now owns 19,292 shares of the company’s stock valued at $942,000 after buying an additional 10,295 shares during the period. Finally, Carson Advisory Inc. lifted its position in Capital Group Dividend Value ETF by 7.2% in the third quarter. Carson Advisory Inc. now owns 94,184 shares of the company’s stock valued at $4,601,000 after buying an additional 6,332 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.4%

CGDV stock traded down $0.19 during mid-day trading on Friday, hitting $48.56. 2,737,554 shares of the company were exchanged, compared to its average volume of 4,042,742. The firm has a market capitalization of $38.76 billion, a P/E ratio of 23.29 and a beta of 0.88. The business has a fifty day simple moving average of $49.10 and a 200-day simple moving average of $47.65. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

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

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.