Capital Group Dividend Value ETF $CGDV Stock Bought by Bill Few Associates Inc.

Bill Few Associates Inc. raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.2% in the third quarter, Holdings Channel.com reports. The fund owned 195,237 shares of the company’s stock after acquiring an additional 39,329 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 1.8% of Bill Few Associates Inc.’s portfolio, making the stock its 9th biggest holding. Bill Few Associates Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 12.0% during the first 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. Bank of America Corp DE lifted its holdings in Capital Group Dividend Value ETF by 7.0% in 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. Advance Capital Management Inc. boosted its stake in Capital Group Dividend Value ETF by 1.4% during the 1st quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after purchasing an additional 140,796 shares during the last quarter. Royal Bank of Canada boosted its stake in 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 worth $318,176,000 after purchasing an additional 1,223,486 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of Capital Group Dividend Value ETF by 14.9% during the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after buying an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV traded up $0.30 during mid-day trading on Friday, reaching $49.55. The company’s stock had a trading volume of 2,368,724 shares, compared to its average volume of 4,160,687. The stock has a 50-day moving average of $49.92 and a two-hundred day moving average of $48.15. The stock has a market capitalization of $39.00 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.24 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

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

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.