Blair William & Co. IL Raises Stock Holdings in Capital Group Dividend Value ETF $CGDV

Blair William & Co. IL increased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,015 shares of the company’s stock after acquiring an additional 38,885 shares during the quarter. Blair William & Co. IL owned about 0.09% of Capital Group Dividend Value ETF worth $21,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its position in Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after buying an additional 2,471,984 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock worth $328,634,000 after acquiring an additional 2,208,093 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after acquiring an additional 1,496,823 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $44.14 on Monday. The firm has a market cap of $28.19 billion, a PE ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average price of $44.81 and a 200-day moving average price of $43.34. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, December 26th. This represents a $0.77 dividend on an annualized basis 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.