Capital Group Dividend Value ETF $CGDV Shares Bought by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,944 shares of the company’s stock after purchasing an additional 15,757 shares during the quarter. Capital Group Dividend Value ETF makes up 2.4% of Lodestone Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Lodestone Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $7,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Fearless Solutions LLC dba Best Invest boosted its holdings in shares of Capital Group Dividend Value ETF by 3.3% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 117,616 shares of the company’s stock valued at $5,746,000 after acquiring an additional 3,799 shares during the period. Focus Financial Network Inc. grew its position in shares of Capital Group Dividend Value ETF by 2.9% during the third quarter. Focus Financial Network Inc. now owns 198,869 shares of the company’s stock worth $9,745,000 after acquiring an additional 5,693 shares during the last quarter. ProCore Advisors LLC grew its position in shares of Capital Group Dividend Value ETF by 13.6% during the third quarter. ProCore Advisors LLC now owns 32,894 shares of the company’s stock worth $1,607,000 after acquiring an additional 3,931 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of Capital Group Dividend Value ETF by 103.3% in the 3rd quarter. Signal Advisors Wealth LLC now owns 20,183 shares of the company’s stock worth $986,000 after acquiring an additional 10,254 shares during the period. Finally, Ulrich Consultants & Investment Group LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $943,000.

Capital Group Dividend Value ETF Trading Down 1.1%

NYSEARCA:CGDV traded down $0.56 during mid-day trading on Wednesday, hitting $49.12. The stock had a trading volume of 1,485,415 shares, compared to its average volume of 4,128,535. The stock has a market capitalization of $38.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The company has a 50 day simple moving average of $49.87 and a 200-day simple moving average of $48.29. Capital Group Dividend Value ETF has a 52 week low of $41.31 and a 52 week high of $51.63.

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 given a $0.1522 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%.

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.