Swisher Financial Concepts Inc. Decreases Stake in Capital Group Dividend Value ETF $CGDV

Swisher Financial Concepts Inc. trimmed its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,592 shares of the company’s stock after selling 30,050 shares during the quarter. Capital Group Dividend Value ETF comprises 6.6% of Swisher Financial Concepts Inc.’s portfolio, making the stock its 4th biggest holding. Swisher Financial Concepts Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CGDV. Raymond James Financial Inc. raised its stake in shares of Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Capital Group Dividend Value ETF by 9.9% in the 2nd 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 last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after buying an additional 1,496,823 shares in the last quarter. Bank of America Corp DE boosted its position in Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after buying an additional 2,471,984 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Dividend Value ETF by 17.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after buying an additional 1,730,269 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.0%

CGDV stock opened at $43.93 on Wednesday. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $44.26. The company has a market cap of $24.79 billion, a P/E ratio of 26.59 and a beta of 0.89. The business has a fifty day moving average of $43.22 and a 200-day moving average of $41.77.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1928 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 annualized dividend and a yield of 1.8%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.