Capital Group Dividend Value ETF $CGDV Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,442 shares of the company’s stock after selling 427 shares during the period. Freedom Investment Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 34.0% during the 1st quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock worth $1,049,670,000 after acquiring an additional 7,468,408 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock worth $618,484,000 after acquiring an additional 301,908 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 36.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after acquiring an additional 4,071,484 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after acquiring an additional 2,220,112 shares in the last quarter. Finally, Advance Capital Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 17.7% during the 1st quarter. Advance Capital Management Inc. now owns 12,746,076 shares of the company’s stock worth $454,270,000 after acquiring an additional 1,919,506 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $41.56 on Thursday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $41.61. The firm has a market capitalization of $20.39 billion, a PE ratio of 26.59 and a beta of 0.91. The stock’s 50-day simple moving average is $40.42 and its 200-day simple moving average is $37.55.

Capital Group Dividend Value ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 30th were given a dividend of $0.1295 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 30th.

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.