Capital Group Dividend Value ETF $CGDV is Continuum Advisory LLC’s Largest Position

Continuum Advisory LLC reduced its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 893,821 shares of the company’s stock after selling 47,769 shares during the period. Capital Group Dividend Value ETF comprises 4.0% of Continuum Advisory LLC’s investment portfolio, making the stock its largest position. Continuum Advisory LLC owned 0.16% of Capital Group Dividend Value ETF worth $37,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CGDV. Raymond James Financial Inc. grew its holdings in shares of 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 worth $764,275,000 after purchasing an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Capital Group Dividend Value ETF by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after acquiring an additional 1,513,067 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 10.8% in 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 acquiring an additional 1,496,823 shares during the period. Bank of America Corp DE raised its stake in shares of Capital Group Dividend Value ETF by 23.1% during 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 last quarter. Finally, Cetera Investment Advisers raised its stake in shares of 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 valued at $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $43.94 on Tuesday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.26. The stock has a market capitalization of $24.80 billion, a PE ratio of 26.59 and a beta of 0.89. The business’s 50-day moving average is $43.18 and its 200 day moving average is $41.73.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.8%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th.

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.