Capital Group Dividend Value ETF $CGDV Position Boosted by IMG Wealth Management Inc.

IMG Wealth Management Inc. grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,570 shares of the company’s stock after buying an additional 32,830 shares during the period. Capital Group Dividend Value ETF makes up 8.6% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest holding. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $15,367,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Latitude Advisors LLC increased its stake in shares of Capital Group Dividend Value ETF by 21.2% in the 3rd quarter. Latitude Advisors LLC now owns 116,781 shares of the company’s stock valued at $5,705,000 after acquiring an additional 20,441 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in Capital Group Dividend Value ETF by 13.8% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 43,740 shares of the company’s stock worth $2,137,000 after acquiring an additional 5,296 shares in the last quarter. Roman Butler Fullerton & Co. boosted its stake in Capital Group Dividend Value ETF by 29.4% during the third quarter. Roman Butler Fullerton & Co. now owns 19,422 shares of the company’s stock worth $952,000 after acquiring an additional 4,415 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its stake in Capital Group Dividend Value ETF by 37.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 80,930 shares of the company’s stock worth $3,953,000 after acquiring an additional 22,170 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Capital Group Dividend Value ETF by 15.6% in the third quarter. Oppenheimer & Co. Inc. now owns 335,268 shares of the company’s stock worth $16,378,000 after purchasing an additional 45,153 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.6%

CGDV opened at $49.14 on Wednesday. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The company has a market cap of $39.76 billion, a P/E ratio of 26.59 and a beta of 0.88. The company has a fifty day moving average price of $49.47 and a two-hundred day moving average price of $47.37.

Capital Group Dividend Value ETF Increases Dividend

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

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.