Harpswell Capital Advisors LLC Takes Position in Capital Group Dividend Value ETF $CGDV

Harpswell Capital Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 172,470 shares of the company’s stock, valued at approximately $7,249,000. Capital Group Dividend Value ETF accounts for 6.9% of Harpswell Capital Advisors LLC’s portfolio, making the stock its 3rd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. boosted its stake in Capital Group Dividend Value ETF by 378.6% during the 3rd quarter. Hopwood Financial Services Inc. now owns 24,883 shares of the company’s stock valued at $1,046,000 after purchasing an additional 19,684 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of Capital Group Dividend Value ETF by 6.5% in the 3rd quarter. Prospera Financial Services Inc now owns 1,115,043 shares of the company’s stock worth $46,866,000 after buying an additional 67,867 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 3.4% in the third quarter. Oppenheimer & Co. Inc. now owns 189,136 shares of the company’s stock valued at $7,949,000 after buying an additional 6,154 shares during the period. Western Wealth Management LLC boosted its stake in Capital Group Dividend Value ETF by 32.2% during the third quarter. Western Wealth Management LLC now owns 1,000,724 shares of the company’s stock valued at $42,060,000 after buying an additional 243,853 shares in the last quarter. Finally, LexAurum Advisors LLC bought a new position in Capital Group Dividend Value ETF during the third quarter valued at about $201,000.

Capital Group Dividend Value ETF Stock Up 0.4%

NYSEARCA:CGDV opened at $45.64 on Tuesday. The business’s 50-day moving average price is $44.15 and its 200 day moving average price is $42.72. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $45.75. The firm has a market cap of $29.15 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.