Thrivent Financial for Lutherans Invests $1.98 Million in Capital Group Dividend Value ETF $CGDV

Thrivent Financial for Lutherans acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,183 shares of the company’s stock, valued at approximately $1,982,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGDV. Trust Co. of Vermont acquired a new position in Capital Group Dividend Value ETF during the second quarter worth about $29,000. Washington Trust Advisors Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $35,000. Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $47,000. Finally, Blue Trust Inc. lifted its stake 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 valued at $60,000 after purchasing an additional 322 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $44.10 on Wednesday. The company’s 50 day moving average price is $43.01 and its two-hundred day moving average price is $41.57. The firm has a market capitalization of $24.89 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $44.11.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed 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 was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 1.2%. This is an increase 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.