Altus Wealth Group LLC Takes Position in Capital Group Dividend Value ETF $CGDV

Altus Wealth Group LLC purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,070 shares of the company’s stock, valued at approximately $591,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CGDV. Trust Co. of Vermont purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at $29,000. Washington Trust Advisors Inc. bought a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth about $35,000. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. Finally, Blue Trust Inc. lifted its stake in Capital Group Dividend Value ETF by 26.8% in the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after purchasing an additional 322 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $43.97 on Friday. The firm has a market capitalization of $24.81 billion, a PE ratio of 26.59 and a beta of 0.89. The business has a 50 day simple moving average of $43.29 and a two-hundred day simple moving average of $41.83. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.26.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1928 dividend. 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. This represents a $0.77 annualized dividend and a yield of 1.8%.

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.