Merit Financial Group LLC Purchases 1,391,257 Shares of Capital Group Dividend Value ETF $CGDV

Merit Financial Group LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 465.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,690,161 shares of the company’s stock after acquiring an additional 1,391,257 shares during the quarter. Merit Financial Group LLC owned about 0.30% of Capital Group Dividend Value ETF worth $71,037,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Washington Trust Advisors Inc. acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth $35,000. Banco de Sabadell S.A bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $47,000. Trust Co. of Vermont lifted its stake in shares of Capital Group Dividend Value ETF by 83.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after purchasing an additional 611 shares during the period. Finally, Simplex Trading LLC boosted its position in shares of Capital Group Dividend Value ETF by 692.6% in the 2nd quarter. Simplex Trading LLC now owns 1,600 shares of the company’s stock worth $63,000 after purchasing an additional 1,870 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.1%

NYSEARCA CGDV opened at $45.33 on Tuesday. 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 50-day simple moving average of $44.34 and a 200 day simple moving average of $42.88. The company has a market capitalization of $28.95 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1928 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis 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.