Capital Group Dividend Value ETF $CGDV Stock Holdings Increased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 28.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,787 shares of the company’s stock after purchasing an additional 13,690 shares during the period. Summit Investment Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,202,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CGDV. LPL Financial LLC increased its holdings in shares of Capital Group Dividend Value ETF by 34.0% in the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after buying an additional 7,468,408 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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. HighTower Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF by 378.6% in the 1st quarter. HighTower Advisors LLC now owns 2,493,381 shares of the company’s stock worth $88,864,000 after acquiring an additional 1,972,404 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Capital Group Dividend Value ETF by 19.8% during the first quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock worth $360,668,000 after purchasing an additional 1,672,691 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after purchasing an additional 1,513,067 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.6%

NYSEARCA:CGDV opened at $42.58 on Monday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $43.40. The firm has a market capitalization of $24.03 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a fifty day simple moving average of $42.12 and a 200 day simple moving average of $40.01.

Capital Group Dividend Value ETF Increases Dividend

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

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.