52,422 Shares in Capital Group Dividend Value ETF $CGDV Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,422 shares of the company’s stock, valued at approximately $2,203,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $29,000. Washington Trust Advisors Inc. acquired a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF in the second quarter valued at approximately $35,000. Banco de Sabadell S.A acquired a new stake in Capital Group Dividend Value ETF in the second quarter worth $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Capital Group Dividend Value ETF by 38,200.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after purchasing an additional 1,146 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.1%

Shares of NYSEARCA CGDV opened at $44.34 on Friday. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $44.67. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s fifty day moving average is $43.68 and its 200-day moving average is $42.33.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1928 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, December 26th.

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.