Capital Group Dividend Value ETF $CGDV Shares Sold by Assetmark Inc.

Assetmark Inc. decreased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 705,284 shares of the company’s stock after selling 92,493 shares during the period. Assetmark Inc. owned about 0.12% of Capital Group Dividend Value ETF worth $29,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Lincoln Capital LLC grew its holdings in shares of Capital Group Dividend Value ETF by 1.4% during the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after buying an additional 235 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Capital Group Dividend Value ETF by 2.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock valued at $550,000 after acquiring an additional 252 shares during the last quarter. Ameriprise Financial Inc. grew its position in Capital Group Dividend Value ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after acquiring an additional 263 shares during the period. Fiduciary Alliance LLC raised its position in Capital Group Dividend Value ETF by 0.9% in the third quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after purchasing an additional 276 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $45.33 on Friday. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01. The stock has a market capitalization of $28.95 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a 50-day moving average of $44.30 and a 200 day moving average of $42.82.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1928 per share. The ex-dividend date was Friday, December 26th. This represents a $0.77 annualized dividend and a 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.