Advance Capital Management Inc. Has $438.64 Million Stock Holdings in Capital Group Dividend Value ETF $CGDV

Advance Capital Management Inc. lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,051,233 shares of the company’s stock after purchasing an additional 231,646 shares during the period. Capital Group Dividend Value ETF comprises approximately 18.6% of Advance Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Advance Capital Management Inc. owned about 1.66% of Capital Group Dividend Value ETF worth $438,636,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CGDV. Triumph Capital Management purchased a new stake in Capital Group Dividend Value ETF in the third quarter worth $32,000. Banco de Sabadell S.A bought a new position in Capital Group Dividend Value ETF in the second quarter worth about $47,000. MassMutual Private Wealth & Trust FSB raised its stake in Capital Group Dividend Value ETF by 38,200.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares in the last quarter. Huntington National Bank purchased a new stake in Capital Group Dividend Value ETF in the third quarter worth about $49,000. Finally, CENTRAL TRUST Co purchased a new stake in Capital Group Dividend Value ETF in the third quarter worth about $52,000.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $43.14 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01. The stock’s 50 day simple moving average is $44.79 and its two-hundred day simple moving average is $43.46. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, December 26th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.