Convergence Financial LLC Has $5.71 Million Stock Holdings in Capital Group Dividend Value ETF $CGDV

Convergence Financial LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,821 shares of the company’s stock after acquiring an additional 25,777 shares during the period. Convergence Financial LLC’s holdings in Capital Group Dividend Value ETF were worth $5,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Lincoln Capital LLC raised its stake in shares of Capital Group Dividend Value ETF by 1.4% during the 3rd quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after purchasing an additional 235 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Capital Group Dividend Value ETF by 2.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock worth $550,000 after buying an additional 252 shares during the last quarter. Ameriprise Financial Inc. raised its position in Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after acquiring an additional 263 shares in the last quarter. Fiduciary Alliance LLC raised its position in Capital Group Dividend Value ETF by 0.9% during the third quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after acquiring an additional 276 shares in the last quarter. Finally, Atlas Legacy Advisors LLC lifted its stake in Capital Group Dividend Value ETF by 0.9% in the third quarter. Atlas Legacy Advisors LLC now owns 42,118 shares of the company’s stock valued at $1,770,000 after acquiring an additional 362 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.7%

CGDV stock opened at $45.86 on Friday. The company has a market capitalization of $29.29 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The firm has a 50 day moving average of $44.50 and a two-hundred day moving average of $42.99. 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 firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1928 per share. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a yield of 1.7%.

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.