Perennial Investment Advisors LLC Has $3.86 Million Stake in Capital Group Dividend Value ETF $CGDV

Perennial Investment Advisors LLC increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 712.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,845 shares of the company’s stock after acquiring an additional 85,795 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $3,864,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CGDV. United Advisor Group LLC increased its holdings in shares of Capital Group Dividend Value ETF by 4.3% in the second quarter. United Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $354,000 after purchasing an additional 374 shares during the last quarter. Landaas & Co. WI ADV bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $208,000. Rothschild Investment LLC grew its stake in Capital Group Dividend Value ETF by 16.3% in the 2nd quarter. Rothschild Investment LLC now owns 150,670 shares of the company’s stock valued at $5,950,000 after buying an additional 21,086 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in Capital Group Dividend Value ETF by 795.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 2,150 shares of the company’s stock valued at $84,000 after acquiring an additional 1,910 shares during the period. Finally, Western Wealth Management LLC lifted its position in Capital Group Dividend Value ETF by 101.6% during the second quarter. Western Wealth Management LLC now owns 756,871 shares of the company’s stock worth $29,889,000 after acquiring an additional 381,493 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.8%

Capital Group Dividend Value ETF stock opened at $42.54 on Tuesday. The company has a market capitalization of $24.01 billion, a price-to-earnings 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 $43.56. The stock’s 50 day moving average is $42.32 and its 200-day moving average is $40.35.

Capital Group Dividend Value ETF Increases Dividend

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