Capital Group Dividend Value ETF $CGDV Stock: Onyx Bridge Wealth Group LLC Raises Holdings

Onyx Bridge Wealth Group LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 686,353 shares of the company’s stock after purchasing an additional 18,129 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 2.9% of Onyx Bridge Wealth Group LLC’s holdings, making the stock its 4th biggest holding. Onyx Bridge Wealth Group LLC owned approximately 0.09% of Capital Group Dividend Value ETF worth $33,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGDV. Cetera Investment Advisers raised its holdings in Capital Group Dividend Value ETF by 12.0% during 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 during the last quarter. WNY Asset Management LLC acquired a new position in 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% in 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 during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 during the last quarter. Finally, First Pacific Financial boosted its stake in shares of Capital Group Dividend Value ETF by 526.1% in the 3rd quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock valued at $52,161,000 after purchasing an additional 897,226 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $48.93 on Friday. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The company has a 50 day moving average of $49.76 and a 200-day moving average of $48.39. The stock has a market cap of $38.72 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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 issued a $0.1522 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, September 30th.

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.