Integrated Wealth Concepts LLC Acquires 158,471 Shares of Capital Group Dividend Value ETF $CGDV

Integrated Wealth Concepts LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,607,954 shares of the company’s stock after buying an additional 158,471 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Capital Group Dividend Value ETF were worth $79,240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth $32,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000. TD Capital Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth about $34,000. Finally, Bayban bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at about $36,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $49.91 on Wednesday. Capital Group Dividend Value ETF has a 1 year low of $41.24 and a 1 year high of $51.63. The company’s 50-day moving average is $49.81 and its 200 day moving average is $47.43. The stock has a market capitalization of $37.85 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

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.