Cwm LLC Has $66.75 Million Stake in Capital Group Dividend Value ETF $CGDV

Cwm LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 49.5% in the 2nd quarter, Holdings Channel reports. The fund owned 1,690,263 shares of the company’s stock after buying an additional 559,377 shares during the period. Cwm LLC’s holdings in Capital Group Dividend Value ETF were worth $66,748,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter worth about $28,000. Trust Co. of Vermont acquired a new position in Capital Group Dividend Value ETF during the second quarter worth about $29,000. Capital Analysts LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter worth about $30,000. Golden State Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter worth about $32,000. Finally, Fifth Third Bancorp bought a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth about $37,000.

Capital Group Dividend Value ETF Trading Down 2.4%

NYSEARCA:CGDV opened at $41.33 on Friday. The stock has a market cap of $22.29 billion, a P/E ratio of 26.59 and a beta of 0.91. The stock’s 50-day moving average is $41.55 and its 200-day moving average is $38.74. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $42.66.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

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.