Axxcess Wealth Management LLC Purchases 26,955 Shares of Capital Group Dividend Value ETF $CGDV

Axxcess Wealth Management LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,292 shares of the company’s stock after buying an additional 26,955 shares during the period. Axxcess Wealth Management LLC owned about 0.11% of Capital Group Dividend Value ETF worth $26,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its stake in shares of Capital Group Dividend Value ETF by 91.4% in the 3rd quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after purchasing an additional 23,845 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Capital Group Dividend Value ETF during the second quarter worth about $1,982,000. Future Financial Wealth Managment LLC bought a new position in shares of Capital Group Dividend Value ETF during the third quarter worth about $5,649,000. Fermata Advisors LLC raised its position in Capital Group Dividend Value ETF by 9.7% in the 3rd quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock valued at $9,002,000 after buying an additional 19,012 shares during the last quarter. Finally, Creative Planning lifted its stake in Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after acquiring an additional 3,747 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.3%

NYSEARCA:CGDV opened at $45.45 on Wednesday. The company has a market cap of $29.02 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01. The business has a 50 day moving average price of $44.38 and a two-hundred day moving average price of $42.92.

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 given a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. 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.

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.