Capital Group Dividend Value ETF $CGDV Stock Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,042,640 shares of the company’s stock after selling 43,228 shares during the quarter. Capital Group Dividend Value ETF comprises 0.8% of Harbour Investments Inc.’s holdings, making the stock its 24th biggest position. Harbour Investments Inc. owned about 0.13% of Capital Group Dividend Value ETF worth $50,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CGDV. Provenance Wealth Advisors LLC bought a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at approximately $33,000. CoreCap Advisors LLC raised its holdings in Capital Group Dividend Value ETF by 19.5% during the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after purchasing an additional 218 shares in the last quarter. Compass Financial Management LLC acquired a new stake in Capital Group Dividend Value ETF in the third quarter worth approximately $73,000. Beacon Financial Strategies CORP acquired a new stake in Capital Group Dividend Value ETF in the second quarter worth approximately $79,000. Finally, CENTRAL TRUST Co lifted its position in Capital Group Dividend Value ETF by 22.6% in the third quarter. CENTRAL TRUST Co now owns 1,629 shares of the company’s stock worth $80,000 after purchasing an additional 300 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.4%

NYSEARCA CGDV traded down $0.19 on Friday, reaching $48.56. 2,737,554 shares of the stock traded hands, compared to its average volume of 4,042,742. The firm’s fifty day simple moving average is $49.10 and its 200 day simple moving average is $47.65. The company has a market cap of $38.76 billion, a price-to-earnings ratio of 23.29 and a beta of 0.88. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.1522 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost 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.