Genesis Private Wealth LLC Buys 47,616 Shares of Capital Group Dividend Value ETF $CGDV

Genesis Private Wealth LLC lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 192.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,414 shares of the company’s stock after purchasing an additional 47,616 shares during the period. Genesis Private Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $3,160,000 at the end of the most recent reporting period.

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

Capital Group Dividend Value ETF Stock Down 1.5%

Shares of CGDV opened at $42.50 on Friday. The stock’s fifty day simple moving average is $44.75 and its 200-day simple moving average is $43.49. The firm has a market capitalization of $27.14 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 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. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, December 26th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.