Avior Wealth Management LLC Acquires New Shares in Capital Group Dividend Value ETF $CGDV

Avior Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 49,572 shares of the company’s stock, valued at approximately $2,163,000.

Several other hedge funds have also recently modified their holdings of CGDV. Lincoln Capital LLC raised its stake in shares of Capital Group Dividend Value ETF by 1.4% in the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after purchasing an additional 235 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in Capital Group Dividend Value ETF by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock worth $420,000 after buying an additional 238 shares in the last quarter. Cim LLC boosted its position in Capital Group Dividend Value ETF by 2.3% during the third quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after acquiring an additional 250 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Capital Group Dividend Value ETF by 2.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock valued at $550,000 after buying an additional 252 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after buying an additional 263 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $42.50 on Friday. The firm’s 50-day moving average is $44.75 and its two-hundred day moving average is $43.47. 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 $27.14 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1928 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th. This represents a $0.77 annualized dividend and a yield of 1.8%.

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.