Capital Group Dividend Value ETF $CGDV Stock: Novem Group Raises Position

Novem Group increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,288 shares of the company’s stock after purchasing an additional 35,563 shares during the quarter. Capital Group Dividend Value ETF accounts for 1.1% of Novem Group’s portfolio, making the stock its 22nd biggest holding. Novem Group’s holdings in Capital Group Dividend Value ETF were worth $10,566,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CGDV. AA Financial Advisors LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 3.0% during the 3rd quarter. AA Financial Advisors LLC now owns 951,821 shares of the company’s stock valued at $46,496,000 after acquiring an additional 27,508 shares during the last quarter. Teamwork Financial Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 1.1% in the third quarter. Teamwork Financial Advisors LLC now owns 575,735 shares of the company’s stock worth $28,125,000 after acquiring an additional 6,078 shares during the period. Richards Merrill & Peterson Inc. grew its stake in shares of Capital Group Dividend Value ETF by 18.6% in the third quarter. Richards Merrill & Peterson Inc. now owns 76,990 shares of the company’s stock worth $3,761,000 after acquiring an additional 12,100 shares during the period. Herold Advisors Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 8.8% during the third quarter. Herold Advisors Inc. now owns 61,023 shares of the company’s stock valued at $2,981,000 after purchasing an additional 4,932 shares during the last quarter. Finally, LongView Wealth Management raised its holdings in shares of Capital Group Dividend Value ETF by 8.7% during the third quarter. LongView Wealth Management now owns 264,674 shares of the company’s stock valued at $12,929,000 after purchasing an additional 21,086 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock traded up $0.10 during midday trading on Monday, reaching $49.03. 2,509,485 shares of the company traded hands, compared to its average volume of 4,122,210. The firm has a market capitalization of $38.80 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business has a 50 day moving average of $49.76 and a two-hundred day moving average of $48.44. Capital Group Dividend Value ETF has a 12 month low of $41.31 and a 12 month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. This represents a $0.61 annualized dividend and a dividend 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.