Cooper Financial Group Reduces Stock Position in Capital Group Dividend Value ETF $CGDV

Cooper Financial Group cut its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,645 shares of the company’s stock after selling 28,963 shares during the period. Cooper Financial Group’s holdings in Capital Group Dividend Value ETF were worth $3,127,000 at the end of the most recent quarter.

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

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $42.50 on Friday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $46.01. The firm has a market capitalization of $27.14 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business’s 50 day moving average price is $44.75 and its 200-day moving average price is $43.49.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed 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 is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, December 26th.

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.