HB Wealth Management LLC Has $1.28 Million Stake in Capital Group Dividend Value ETF $CGDV

HB Wealth Management LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 153.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,338 shares of the company’s stock after purchasing an additional 18,357 shares during the quarter. HB Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. lifted its stake 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 valued at $764,275,000 after buying an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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. lifted its position in Capital Group Dividend Value ETF by 10.8% in the 2nd 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 in the last quarter. Bank of America Corp DE boosted its stake in Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after purchasing an additional 2,471,984 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Capital Group Dividend Value ETF by 17.1% during the 2nd 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 in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.7%

Shares of Capital Group Dividend Value ETF stock opened at $44.46 on Monday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $44.50. The business has a 50 day moving average price of $43.41 and a 200-day moving average price of $42.08. The company has a market cap of $27.34 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.