Melone Private Wealth LLC Purchases Shares of 319,721 Capital Group Dividend Value ETF $CGDV

Melone Private Wealth LLC acquired a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 319,721 shares of the company’s stock, valued at approximately $13,953,000. Capital Group Dividend Value ETF comprises about 5.9% of Melone Private Wealth LLC’s portfolio, making the stock its 4th largest holding. Melone Private Wealth LLC owned about 0.05% of Capital Group Dividend Value ETF at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth $32,000. Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at $47,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Capital Group Dividend Value ETF by 38,200.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after purchasing an additional 1,146 shares during the last quarter. Huntington National Bank acquired a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at $49,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at $52,000.

Capital Group Dividend Value ETF Trading Down 1.5%

Shares of CGDV opened at $42.50 on Friday. The business’s 50-day moving average price is $44.75 and its 200 day moving average price is $43.47. The stock has a market capitalization of $27.14 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a dividend yield of 1.8%.

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.