Nicholson Meyer Capital Management Inc. Buys 184,155 Shares of Capital Group Dividend Value ETF $CGDV

Nicholson Meyer Capital Management Inc. grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1,051.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,662 shares of the company’s stock after purchasing an additional 184,155 shares during the period. Capital Group Dividend Value ETF comprises approximately 6.5% of Nicholson Meyer Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. Nicholson Meyer Capital Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $8,476,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after acquiring an additional 2,471,984 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Capital Group Dividend Value ETF by 39.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after purchasing an additional 2,208,093 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after purchasing an additional 1,999,975 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after buying an additional 1,730,269 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock valued at $660,300,000 after buying an additional 1,513,067 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.2%

CGDV opened at $45.56 on Wednesday. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $45.82. The firm has a market capitalization of $29.09 billion, a PE ratio of 26.59 and a beta of 0.89. The firm’s 50-day moving average price is $44.20 and its 200 day moving average price is $42.75.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF 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.