Capital Group Dividend Value ETF $CGDV Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 614,337 shares of the company’s stock after selling 13,746 shares during the period. Axxcess Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $24,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Capital Group Dividend Value ETF by 473.3% during the 1st quarter. Farther Finance Advisors LLC now owns 9,224 shares of the company’s stock worth $330,000 after acquiring an additional 7,615 shares during the period. CX Institutional acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $58,000. Fifth Third Bancorp acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $37,000. Wealth Enhancement Advisory Services LLC lifted its position in Capital Group Dividend Value ETF by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,619,216 shares of the company’s stock worth $57,709,000 after acquiring an additional 86,823 shares during the period. Finally, Good Life Advisors LLC lifted its position in Capital Group Dividend Value ETF by 0.8% during the 1st quarter. Good Life Advisors LLC now owns 331,623 shares of the company’s stock worth $11,819,000 after acquiring an additional 2,575 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $41.83 on Tuesday. The business has a 50 day simple moving average of $41.57 and a 200-day simple moving average of $38.81. The stock has a market capitalization of $22.66 billion, a P/E ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $42.66.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.1359 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.