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

Accel Wealth Management boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,454 shares of the company’s stock after acquiring an additional 20,887 shares during the period. Capital Group Dividend Value ETF accounts for approximately 1.9% of Accel Wealth Management’s holdings, making the stock its 10th biggest holding. Accel Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $8,766,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in Capital Group Dividend Value ETF by 12.0% in 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 in the last quarter. WNY Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at about $67,648,000. Royal Bank of Canada boosted its stake in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after purchasing an additional 1,223,486 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Finally, &PARTNERS increased its position in shares of Capital Group Dividend Value ETF by 48.1% during the fourth quarter. &PARTNERS now owns 2,379,691 shares of the company’s stock valued at $103,752,000 after buying an additional 772,375 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV traded up $0.10 during midday trading on Tuesday, hitting $49.68. 2,570,602 shares of the company traded hands, compared to its average volume of 4,142,450. Capital Group Dividend Value ETF has a 12-month low of $41.24 and a 12-month high of $51.63. The firm has a market cap of $39.19 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock has a 50-day moving average price of $49.90 and a 200 day moving average price of $48.24.

Capital Group Dividend Value ETF Increases Dividend

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

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.