Beacon Pointe Advisors LLC Buys New Position in Capital Group Dividend Value ETF $CGDV

Beacon Pointe Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,464 shares of the company’s stock, valued at approximately $1,479,000.

Several other large investors have also bought and sold shares of CGDV. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth $29,000. Washington Trust Advisors Inc. bought a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at about $29,000. Capital Analysts LLC purchased a new position in Capital Group Dividend Value ETF during the first quarter worth about $30,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF during the second quarter worth about $35,000. Finally, Blue Trust Inc. grew its position in Capital Group Dividend Value ETF by 26.8% in the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after purchasing an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $43.64 on Friday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $43.86. The firm has a 50-day moving average price of $42.66 and a two-hundred day moving average price of $40.97. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.1359 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 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.