Capital Group Dividend Value ETF $CGDV Shares Sold by Beta Wealth Group Inc.

Beta Wealth Group Inc. cut its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 74.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,141 shares of the company’s stock after selling 168,131 shares during the quarter. Capital Group Dividend Value ETF comprises 0.9% of Beta Wealth Group Inc.’s portfolio, making the stock its 27th biggest position. Beta Wealth Group Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CGDV. Raymond James Financial Inc. lifted its position in Capital Group Dividend Value ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after buying an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Dividend Value ETF by 4.0% in 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. lifted 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 valued at $605,305,000 after acquiring an additional 1,496,823 shares in the last quarter. Bank of America Corp DE boosted its position in Capital Group Dividend Value ETF by 23.1% during the 2nd 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 increased its holdings in Capital Group Dividend Value ETF by 17.1% in the 2nd 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 Price Performance

Shares of CGDV opened at $45.33 on Tuesday. The stock’s 50-day moving average is $44.34 and its two-hundred day moving average is $42.88. The stock has a market cap of $28.95 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01.

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 given 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 of this dividend was Friday, December 26th. This represents a $0.77 annualized dividend and a yield of 1.7%.

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.