Capital Group Dividend Value ETF $CGDV Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,745 shares of the company’s stock after purchasing an additional 12,539 shares during the period. Park Avenue Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $4,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000. MassMutual Private Wealth & Trust FSB grew its position 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 valued at $48,000 after buying an additional 1,146 shares during the last quarter. Huntington National Bank acquired a new stake in Capital Group Dividend Value ETF during the third quarter worth about $49,000. Banco de Sabadell S.A acquired a new stake in Capital Group Dividend Value ETF during the second quarter worth about $47,000. Finally, CENTRAL TRUST Co bought a new position in Capital Group Dividend Value ETF in the third quarter worth about $52,000.

Capital Group Dividend Value ETF Stock Down 1.5%

Shares of CGDV stock opened at $42.50 on Friday. The business has a 50 day moving average of $44.75 and a two-hundred day moving average of $43.49. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $46.01. The company has a market cap 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 business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1928 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 annualized dividend and a dividend yield of 1.8%.

Capital Group Dividend Value ETF Company 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.