Capital Group Dividend Value ETF $CGDV Stock: Dean Jacobson Financial Services LLC Boosts Holdings

Dean Jacobson Financial Services LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 233,766 shares of the company’s stock after purchasing an additional 11,297 shares during the quarter. Capital Group Dividend Value ETF accounts for about 6.3% of Dean Jacobson Financial Services LLC’s holdings, making the stock its 6th biggest position. Dean Jacobson Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $11,419,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CGDV. Vise Technologies Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 3.2% in the third quarter. Vise Technologies Inc. now owns 86,838 shares of the company’s stock worth $4,242,000 after buying an additional 2,709 shares during the period. BNB Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 5.2% during the third quarter. BNB Wealth Management LLC now owns 167,315 shares of the company’s stock valued at $8,173,000 after acquiring an additional 8,241 shares during the period. Summit Global Investments raised its holdings in shares of Capital Group Dividend Value ETF by 10.3% during the third quarter. Summit Global Investments now owns 49,052 shares of the company’s stock valued at $2,396,000 after acquiring an additional 4,586 shares during the period. MGO One Seven LLC raised its holdings in shares of Capital Group Dividend Value ETF by 18.4% during the third quarter. MGO One Seven LLC now owns 771,312 shares of the company’s stock valued at $37,679,000 after acquiring an additional 120,077 shares during the period. Finally, Modera Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $3,630,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $48.81 on Friday. The company has a market cap of $38.88 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52 week low of $41.31 and a 52 week high of $51.63. The firm has a 50 day simple moving average of $49.41 and a 200 day simple moving average of $47.44.

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 paid a dividend of $0.1522 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend 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.