Ameritas Investment Partners Inc. Boosts Stake in Capital Group Dividend Value ETF $CGDV

Ameritas Investment Partners Inc. raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,164 shares of the company’s stock after purchasing an additional 6,377 shares during the period. Ameritas Investment Partners Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,692,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Capital Group Dividend Value ETF in the second quarter worth $26,440,000. Barnes Pettey Financial Advisors LLC grew its position in Capital Group Dividend Value ETF by 75.3% during the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 141,686 shares of the company’s stock worth $5,595,000 after acquiring an additional 60,879 shares during the last quarter. Entruity Wealth LLC lifted its position in Capital Group Dividend Value ETF by 5.8% in the second quarter. Entruity Wealth LLC now owns 396,664 shares of the company’s stock valued at $15,664,000 after purchasing an additional 21,669 shares during the last quarter. Erickson Financial Group LLC boosted its stake in shares of Capital Group Dividend Value ETF by 24.7% during the second quarter. Erickson Financial Group LLC now owns 1,033,003 shares of the company’s stock valued at $40,793,000 after purchasing an additional 204,511 shares during the period. Finally, Cozad Asset Management Inc. increased its stake in shares of Capital Group Dividend Value ETF by 26.8% in the second quarter. Cozad Asset Management Inc. now owns 82,745 shares of the company’s stock worth $3,268,000 after buying an additional 17,507 shares during the period.

Capital Group Dividend Value ETF Trading Up 1.0%

Shares of NYSEARCA:CGDV opened at $42.68 on Tuesday. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $43.56. The company has a 50-day moving average price of $42.37 and a 200-day moving average price of $40.59.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1359 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.