Capital Group Dividend Value ETF $CGDV Stock Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 135,063 shares of the company’s stock after purchasing an additional 11,839 shares during the period. HBW Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $6,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Richards Merrill & Peterson Inc. grew its stake in Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after buying an additional 24,945 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Capital Group Dividend Value ETF by 179.5% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock worth $53,826,000 after buying an additional 701,514 shares during the period. Capital Analysts LLC increased its position in Capital Group Dividend Value ETF by 27.8% during the second quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock worth $8,095,000 after buying an additional 35,765 shares during the period. OakTrust Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth approximately $961,000. Finally, Guardian Wealth Advisors LLC NC increased its position in Capital Group Dividend Value ETF by 2.1% during the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock worth $63,200,000 after buying an additional 26,012 shares during the period.

Capital Group Dividend Value ETF Trading Down 1.1%

Shares of NYSEARCA CGDV opened at $49.14 on Thursday. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The stock has a 50 day moving average of $49.84 and a two-hundred day moving average of $48.33. The stock has a market cap of $38.83 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th.

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.