Capital Group Dividend Value ETF $CGDV Stock Position Boosted by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 472,521 shares of the company’s stock after buying an additional 16,155 shares during the period. Venture Visionary Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $23,083,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares in the last quarter. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after buying an additional 1,166,097 shares in the last quarter. Advance Capital Management Inc. increased its stake in shares of Capital Group Dividend Value ETF by 1.4% during the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock valued at $433,569,000 after buying an additional 140,796 shares during the period. Royal Bank of Canada increased its stake in shares of Capital Group Dividend Value ETF by 19.6% during the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after buying an additional 1,223,486 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 14.9% in the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock valued at $249,175,000 after acquiring an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock traded down $0.31 during mid-day trading on Wednesday, reaching $49.51. 3,346,238 shares of the company were exchanged, compared to its average volume of 4,173,219. The firm has a market cap of $38.97 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $41.24 and a 12-month high of $51.63. The business has a fifty day moving average of $49.89 and a 200 day moving average of $48.05.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.1522 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, September 30th.

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.