Capital Group Dividend Value ETF $CGDV Shares Acquired by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,990 shares of the company’s stock after purchasing an additional 12,100 shares during the period. Capital Group Dividend Value ETF makes up 1.1% of Richards Merrill & Peterson Inc.’s investment portfolio, making the stock its 22nd largest position. Richards Merrill & Peterson Inc.’s holdings in Capital Group Dividend Value ETF were worth $3,761,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Cetera Investment Advisers increased its position in shares of 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 worth $781,004,000 after purchasing an additional 1,959,868 shares during the last quarter. Bank of America Corp DE lifted its position in Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after buying an additional 1,166,097 shares during the last quarter. Advance Capital Management Inc. boosted its stake in 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 worth $433,569,000 after buying an additional 140,796 shares during the period. Royal Bank of Canada boosted its stake in 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 worth $318,176,000 after buying an additional 1,223,486 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Capital Group Dividend Value ETF by 14.9% during the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after buying an additional 760,675 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.3%

Shares of CGDV traded up $0.17 during trading on Monday, reaching $49.09. 1,310,039 shares of the company traded hands, compared to its average volume of 4,115,556. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The stock has a market cap of $38.85 billion, a PE ratio of 26.59 and a beta of 0.88. The stock has a 50-day simple moving average of $49.76 and a 200-day simple moving average of $48.44.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.