Hunter Associates Investment Management LLC Boosts Stake in Capital Group Dividend Value ETF $CGDV

Hunter Associates Investment Management LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 65.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,725 shares of the company’s stock after acquiring an additional 78,403 shares during the quarter. Capital Group Dividend Value ETF comprises 1.2% of Hunter Associates Investment Management LLC’s portfolio, making the stock its 18th biggest position. Hunter Associates Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $8,311,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CGDV. AQR Capital Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $236,000. UMB Bank n.a. acquired a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $85,000. Beacon Investment Advisory Services Inc. purchased a new stake in Capital Group Dividend Value ETF during the second quarter worth approximately $231,000. Perigon Wealth Management LLC increased its position in shares of Capital Group Dividend Value ETF by 3.9% in the second quarter. Perigon Wealth Management LLC now owns 51,135 shares of the company’s stock worth $2,019,000 after acquiring an additional 1,896 shares in the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group raised its stake in shares of Capital Group Dividend Value ETF by 28.2% in the 2nd quarter. Kerntke Otto McGlone Wealth Management Group now owns 31,806 shares of the company’s stock valued at $1,256,000 after acquiring an additional 6,993 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

NYSEARCA:CGDV opened at $44.43 on Friday. The firm’s fifty day simple moving average is $43.71 and its 200 day simple moving average is $42.37. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $44.67. The firm has a market capitalization of $27.92 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.1928 dividend. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a dividend yield of 1.7%.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.