Fifth Third Securities Inc. Purchases 12,021 Shares of Capital Group Dividend Value ETF $CGDV

Fifth Third Securities Inc. increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,457 shares of the company’s stock after purchasing an additional 12,021 shares during the period. Fifth Third Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after buying an additional 2,471,984 shares during the period. Raymond James Financial Inc. lifted its position in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares during the period. Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after purchasing an additional 1,730,269 shares during the period. Envestnet Asset Management Inc. grew its holdings in Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after purchasing an additional 1,513,067 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after purchasing an additional 1,496,823 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $43.62 on Monday. The firm has a 50 day moving average price of $42.92 and a 200-day moving average price of $41.48. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.93. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. The ex-dividend date 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 yield of 1.2%.

Capital Group Dividend Value ETF Company 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.