Capital Group Dividend Value ETF $CGDV is Fourpath Capital Management LLC’s 5th Largest Position

Fourpath Capital Management LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.4% in the third quarter, HoldingsChannel.com reports. The firm owned 472,660 shares of the company’s stock after buying an additional 107,325 shares during the quarter. Capital Group Dividend Value ETF comprises about 2.8% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Fourpath Capital Management LLC’s holdings in Capital Group Dividend Value ETF were worth $19,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after buying an additional 2,471,984 shares during the last quarter. Raymond James Financial Inc. raised its stake in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares in the last quarter. Cetera Investment Advisers lifted its position in Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock valued at $660,300,000 after acquiring an additional 1,513,067 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after acquiring an additional 1,496,823 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $43.96 on Tuesday. The stock’s 50-day moving average is $42.96 and its two-hundred day moving average is $41.52. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $43.97. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 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 $0.13.

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.