Capital Group Dividend Value ETF $CGDV Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 241,911 shares of the company’s stock after acquiring an additional 22,436 shares during the quarter. AdvisorNet Financial Inc’s holdings in Capital Group Dividend Value ETF were worth $10,168,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after acquiring an additional 2,471,984 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Dividend Value ETF by 19.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after buying an additional 2,220,112 shares during the period. Raymond James Financial Inc. lifted its position in Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after purchasing an additional 1,999,975 shares during the period. Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after acquiring an additional 1,730,269 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Value ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after buying an additional 1,513,067 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.8%

Shares of CGDV opened at $43.62 on Friday. The firm’s 50-day moving average is $42.92 and its two-hundred day moving average is $41.43. The firm has a market capitalization of $24.61 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $43.93.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.2%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.