26,229 Capital Group Dividend Value ETF $CGDV Shares Sold by Platt Wealth Management LLC

Platt Wealth Management LLC lowered its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.1% during the third quarter, Holdings Channel.com reports. The fund owned 401,667 shares of the company’s stock after selling 26,229 shares during the period. Capital Group Dividend Value ETF accounts for approximately 15.3% of Platt Wealth Management LLC’s holdings, making the stock its largest holding. Platt Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $19,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Analysts LLC raised its stake in shares of Capital Group Dividend Value ETF by 27.8% during the 2nd quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock worth $8,095,000 after purchasing an additional 35,765 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 179.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock valued at $53,826,000 after buying an additional 701,514 shares during the last quarter. Guardian Wealth Advisors LLC NC grew its stake in shares of Capital Group Dividend Value ETF by 2.1% in the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock valued at $63,200,000 after buying an additional 26,012 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 2.1% in the second quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock valued at $47,863,000 after buying an additional 19,594 shares in the last quarter. Finally, PCG Wealth Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 5.3% in the second quarter. PCG Wealth Advisors LLC now owns 681,934 shares of the company’s stock valued at $33,606,000 after buying an additional 34,563 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $47.42 on Monday. The company has a market cap of $37.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The company’s fifty day simple moving average is $49.23 and its 200 day simple moving average is $47.54.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, September 30th.

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.