Adamsbrown Wealth Consultants LLC Invests $679,000 in Capital Group Dividend Value ETF $CGDV

Adamsbrown Wealth Consultants LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,151 shares of the company’s stock, valued at approximately $679,000.

Several other large investors have also modified their holdings of CGDV. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at $236,000. Fifth Third Securities Inc. increased its stake in Capital Group Dividend Value ETF by 645.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 48,436 shares of the company’s stock valued at $1,913,000 after purchasing an additional 41,941 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Capital Group Dividend Value ETF by 139.6% in the 2nd quarter. Venture Visionary Partners LLC now owns 24,011 shares of the company’s stock valued at $948,000 after acquiring an additional 13,989 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Capital Group Dividend Value ETF by 17.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,334,502 shares of the company’s stock worth $92,189,000 after purchasing an additional 342,751 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in Capital Group Dividend Value ETF by 6.8% during the second quarter. HB Wealth Management LLC now owns 11,981 shares of the company’s stock worth $473,000 after buying an additional 763 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $44.89 on Wednesday. The company’s 50 day simple moving average is $43.80 and its 200 day simple moving average is $42.45. The company has a market capitalization of $28.33 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.92.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid 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.

Capital Group Dividend Value ETF Company 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.