High Net Worth Advisory Group LLC Acquires Shares of 34,029 Capital Group Dividend Value ETF $CGDV

High Net Worth Advisory Group LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,029 shares of the company’s stock, valued at approximately $1,430,000.

Other hedge funds have also modified their holdings of the company. Smith Thornton Advisors LLC raised its position in Capital Group Dividend Value ETF by 3.5% in the third quarter. Smith Thornton Advisors LLC now owns 226,318 shares of the company’s stock worth $9,512,000 after acquiring an additional 7,624 shares in the last quarter. Ridgeline Wealth Planning LLC grew its stake in shares of Capital Group Dividend Value ETF by 1.6% during the 3rd quarter. Ridgeline Wealth Planning LLC now owns 260,912 shares of the company’s stock worth $10,966,000 after purchasing an additional 4,120 shares during the period. Beacon Financial Advisory LLC increased its holdings in shares of Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Beacon Financial Advisory LLC now owns 401,732 shares of the company’s stock valued at $16,885,000 after purchasing an additional 9,118 shares in the last quarter. Compass Ion Advisors LLC lifted its stake in shares of Capital Group Dividend Value ETF by 10.7% in the third quarter. Compass Ion Advisors LLC now owns 10,171 shares of the company’s stock valued at $427,000 after purchasing an additional 983 shares during the period. Finally, Walkner Condon Financial Advisors LLC lifted its stake in shares of Capital Group Dividend Value ETF by 129.6% in the third quarter. Walkner Condon Financial Advisors LLC now owns 28,443 shares of the company’s stock valued at $1,195,000 after purchasing an additional 16,053 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

CGDV stock opened at $44.55 on Monday. The company’s 50-day moving average price is $43.60 and its 200 day moving average price is $42.25. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $44.67. The company has a market cap of $27.78 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF 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.