Capital Group Dividend Value ETF $CGDV Shares Acquired by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 681,934 shares of the company’s stock after buying an additional 34,563 shares during the quarter. Capital Group Dividend Value ETF accounts for 7.5% of PCG Wealth Advisors LLC’s portfolio, making the stock its largest position. PCG Wealth Advisors LLC owned about 0.09% of Capital Group Dividend Value ETF worth $33,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter valued at $236,000. Franklin Resources Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $226,000. Russell Investments Group Ltd. lifted its holdings in Capital Group Dividend Value ETF by 24.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after purchasing an additional 925 shares during the last quarter. Brown Advisory Inc. boosted its position in Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares during the period. Finally, Sei Investments Co. grew its holdings in Capital Group Dividend Value ETF by 21.1% during the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after purchasing an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.0%

CGDV opened at $50.08 on Friday. The stock’s 50 day moving average price is $49.78 and its two-hundred day moving average price is $47.36. The firm has a market capitalization of $37.98 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $41.08 and a 12-month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.1471 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11.

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.