D.A. Davidson & CO. Purchases 48,151 Shares of Capital Group Dividend Value ETF $CGDV

D.A. Davidson & CO. grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,780,677 shares of the company’s stock after buying an additional 48,151 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 1.0% of D.A. Davidson & CO.’s investment portfolio, making the stock its 17th biggest holding. D.A. Davidson & CO. owned 0.47% of Capital Group Dividend Value ETF worth $184,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the last quarter. Bank of America Corp DE lifted its holdings in Capital Group Dividend Value ETF by 7.0% during the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after acquiring an additional 1,166,097 shares during the period. Advance Capital Management Inc. lifted its holdings in Capital Group Dividend Value ETF by 1.4% during the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after acquiring an additional 140,796 shares during the period. Royal Bank of Canada boosted its position in Capital Group Dividend Value ETF by 19.6% in the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Capital Group Dividend Value ETF by 14.9% in the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after purchasing an additional 760,675 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.6%

CGDV stock opened at $49.44 on Thursday. The stock has a market cap of $39.32 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock’s fifty day simple moving average is $49.45 and its two-hundred day simple moving average is $47.39. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.1522 dividend. 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 dividend yield of 1.2%.

Capital Group Dividend Value ETF 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.