Envestnet Portfolio Solutions Inc. Trims Position in Capital Group Dividend Value ETF $CGDV

Envestnet Portfolio Solutions Inc. decreased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,758 shares of the company’s stock after selling 84,740 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Dividend Value ETF were worth $8,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC raised its position in Capital Group Dividend Value ETF by 91.4% in the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after purchasing an additional 23,845 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $1,982,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth about $5,649,000. Clear Point Advisors Inc. raised its holdings in Capital Group Dividend Value ETF by 22.8% in the 2nd quarter. Clear Point Advisors Inc. now owns 53,608 shares of the company’s stock valued at $2,117,000 after buying an additional 9,965 shares during the period. Finally, Fermata Advisors LLC lifted its position in Capital Group Dividend Value ETF by 9.7% in the third quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock valued at $9,002,000 after buying an additional 19,012 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $44.43 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $44.67. The firm has a market cap of $27.92 billion, a PE ratio of 26.59 and a beta of 0.89. The company has a 50-day moving average of $43.71 and a two-hundred day moving average of $42.38.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued 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 was Friday, December 26th. This represents a $0.77 annualized dividend and a yield of 1.7%.

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.