FreeGulliver LLC Lowers Position in Capital Group Dividend Value ETF $CGDV

FreeGulliver LLC lowered its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218,787 shares of the company’s stock after selling 35,530 shares during the period. Capital Group Dividend Value ETF makes up about 4.1% of FreeGulliver LLC’s portfolio, making the stock its 4th largest holding. FreeGulliver LLC’s holdings in Capital Group Dividend Value ETF were worth $9,196,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CGDV. Raymond James Financial Inc. increased its stake in Capital Group Dividend Value ETF by 11.5% during the 2nd 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 period. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Dividend Value ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after acquiring an additional 668,214 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after purchasing an additional 1,496,823 shares in the last quarter. Bank of America Corp DE increased its position in shares of Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after purchasing an additional 2,471,984 shares during the period. Finally, Cetera Investment Advisers raised its stake in 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 valued at $467,957,000 after purchasing an additional 1,730,269 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.4%

NYSEARCA CGDV opened at $43.51 on Friday. The firm’s 50 day simple moving average is $44.85 and its 200 day simple moving average is $43.41. The firm has a market capitalization of $27.79 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 $46.01.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1928 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.8%. 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.

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.