Capital Group Dividend Value ETF $CGDV is Capital Group Private Client Services Inc.’s 3rd Largest Position

Capital Group Private Client Services Inc. lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,460,048 shares of the company’s stock after purchasing an additional 780,453 shares during the quarter. Capital Group Dividend Value ETF accounts for about 6.6% of Capital Group Private Client Services Inc.’s holdings, making the stock its 3rd largest position. Capital Group Private Client Services Inc. owned about 1.68% of Capital Group Dividend Value ETF worth $397,606,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after buying an additional 2,471,984 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Capital Group Dividend Value ETF by 39.1% during the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after buying an additional 2,208,093 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after buying an additional 1,999,975 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after buying an additional 1,730,269 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after acquiring an additional 1,496,823 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.9%

Shares of NYSEARCA:CGDV opened at $44.52 on Tuesday. The company has a 50 day moving average of $44.82 and a 200 day moving average of $43.36. The stock has a market cap of $28.43 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1928 dividend. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change 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.