DAVENPORT & Co LLC Buys 49,105 Shares of Capital Group Dividend Value ETF $CGDV

DAVENPORT & Co LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,794 shares of the company’s stock after acquiring an additional 49,105 shares during the period. DAVENPORT & Co LLC’s holdings in Capital Group Dividend Value ETF were worth $10,373,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CGDV. Jane Street Group LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 51.9% in the 1st quarter. Jane Street Group LLC now owns 734,962 shares of the company’s stock worth $26,194,000 after purchasing an additional 250,994 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its position in Capital Group Dividend Value ETF by 0.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 833,204 shares of the company’s stock worth $29,695,000 after buying an additional 5,213 shares during the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group Dividend Value ETF in the first quarter worth approximately $83,000. Baird Financial Group Inc. boosted its stake in Capital Group Dividend Value ETF by 15.6% in the first quarter. Baird Financial Group Inc. now owns 1,743,851 shares of the company’s stock worth $62,151,000 after buying an additional 235,303 shares in the last quarter. Finally, KMT Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the first quarter valued at approximately $221,000.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $44.22 on Thursday. The company has a market capitalization of $24.95 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.26. The company’s 50 day moving average price is $43.05 and its two-hundred day moving average price is $41.58.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a $0.1359 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.2%. 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 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.