Geneos Wealth Management Inc. Has $34.24 Million Position in Capital Group Dividend Value ETF $CGDV

Geneos Wealth Management Inc. grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 44.1% during the third quarter, Holdings Channel reports. The firm owned 814,646 shares of the company’s stock after acquiring an additional 249,184 shares during the quarter. Capital Group Dividend Value ETF comprises about 0.9% of Geneos Wealth Management Inc.’s holdings, making the stock its 16th largest position. Geneos Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $34,240,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Capital Group Dividend Value ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after buying an additional 263 shares during the period. Fiduciary Alliance LLC increased its stake in shares of Capital Group Dividend Value ETF by 0.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after acquiring an additional 276 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Capital Group Dividend Value ETF by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares during the period. United Advisor Group LLC boosted its stake in Capital Group Dividend Value ETF by 4.3% during the second quarter. United Advisor Group LLC now owns 8,976 shares of the company’s stock worth $354,000 after acquiring an additional 374 shares in the last quarter. Finally, Signature Wealth Management Group grew its holdings in Capital Group Dividend Value ETF by 3.3% in the second quarter. Signature Wealth Management Group now owns 12,632 shares of the company’s stock worth $499,000 after purchasing an additional 406 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

CGDV opened at $44.06 on Tuesday. The company has a fifty day moving average price of $43.30 and a two-hundred day moving average price of $41.92. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $44.26. The company has a market cap of $26.72 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1928 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%.

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.