Capital Group Dividend Value ETF $CGDV Stock: Total Clarity Wealth Management Inc. Raises Position

Total Clarity Wealth Management Inc. increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 37.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,930 shares of the company’s stock after acquiring an additional 22,170 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $3,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bayban acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at approximately $36,000. CoreCap Advisors LLC boosted its position in Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after purchasing an additional 218 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $58,000. Bellevue Asset Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $62,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $79,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $49.14 on Wednesday. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The company has a 50 day moving average price of $49.47 and a 200-day moving average price of $47.37. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

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

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.