CIBC Private Wealth Group LLC Buys 107,252 Shares of Capital Group Dividend Value ETF $CGDV

CIBC Private Wealth Group LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12,890.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,084 shares of the company’s stock after purchasing an additional 107,252 shares during the period. CIBC Private Wealth Group LLC’s holdings in Capital Group Dividend Value ETF were worth $4,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the third quarter valued at about $32,000. Banco de Sabadell S.A purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after acquiring an additional 1,146 shares in the last quarter. Huntington National Bank bought a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $49,000. Finally, CENTRAL TRUST Co purchased a new stake in Capital Group Dividend Value ETF during the third quarter valued at approximately $52,000.

Capital Group Dividend Value ETF Stock Down 1.5%

Shares of CGDV opened at $42.50 on Friday. The company has a 50 day moving average of $44.75 and a two-hundred day moving average of $43.47. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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