CGN Advisors LLC Buys 27,519 Shares of Capital Group Dividend Value ETF $CGDV

CGN Advisors LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,154 shares of the company’s stock after acquiring an additional 27,519 shares during the quarter. CGN Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $5,985,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CGDV. Harbor Investment Advisory LLC lifted its stake in shares of Capital Group Dividend Value ETF by 91.4% in the 3rd quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after purchasing an additional 23,845 shares during the period. Thrivent Financial for Lutherans acquired a new position in Capital Group Dividend Value ETF in the second quarter valued at approximately $1,982,000. Future Financial Wealth Managment LLC bought a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $5,649,000. Fermata Advisors LLC grew its position in shares of Capital Group Dividend Value ETF by 9.7% during the 3rd quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock worth $9,002,000 after buying an additional 19,012 shares during the period. Finally, Creative Planning increased its stake in shares of Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after acquiring an additional 3,747 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $43.14 on Friday. The firm has a market cap of $27.55 billion, a PE ratio of 26.59 and a beta of 0.89. The company’s fifty day simple moving average is $44.79 and its 200 day simple moving average is $43.46. 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 company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. 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.

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.