Cullen Frost Bankers Inc. Increases Stock Position in Capital Group Dividend Value ETF $CGDV

Cullen Frost Bankers Inc. lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,183 shares of the company’s stock after buying an additional 22,045 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Dividend Value ETF were worth $4,043,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CGDV. Trust Co. of Vermont bought a new stake in Capital Group Dividend Value ETF during the second quarter worth about $29,000. Washington Trust Advisors Inc. bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth approximately $35,000. Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after buying an additional 1,146 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.4%

Shares of NYSEARCA:CGDV opened at $44.62 on Tuesday. The stock has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $42.42. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $44.69.

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 paid a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, December 26th. This is a positive change 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.