NewEdge Advisors LLC Cuts Stock Holdings in Capital Group Dividend Value ETF $CGDV

NewEdge Advisors LLC lessened its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,266,080 shares of the company’s stock after selling 158,955 shares during the quarter. NewEdge Advisors LLC owned about 0.17% of Capital Group Dividend Value ETF worth $62,392,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CGDV. IFP Advisors Inc raised its position in shares of Capital Group Dividend Value ETF by 5.4% in the 2nd quarter. IFP Advisors Inc now owns 666,097 shares of the company’s stock worth $32,825,000 after buying an additional 33,843 shares during the period. Baird Financial Group Inc. grew its position in Capital Group Dividend Value ETF by 8.1% during the second quarter. Baird Financial Group Inc. now owns 2,110,374 shares of the company’s stock valued at $103,999,000 after acquiring an additional 158,367 shares during the period. XY Planning Network Inc. purchased a new stake in Capital Group Dividend Value ETF during the second quarter valued at about $238,000. Allworth Financial LP increased its stake in Capital Group Dividend Value ETF by 4.3% during the second quarter. Allworth Financial LP now owns 163,026 shares of the company’s stock worth $8,034,000 after acquiring an additional 6,695 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in Capital Group Dividend Value ETF by 209.7% during the second quarter. Waverly Advisors LLC now owns 143,161 shares of the company’s stock worth $7,055,000 after acquiring an additional 96,931 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $49.91 on Wednesday. The company has a market cap of $37.85 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $41.24 and a 12 month high of $51.63. The stock’s 50-day moving average is $49.81 and its 200-day moving average is $47.43.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a dividend of $0.1471 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.59 dividend on an annualized basis and a yield of 1.2%.

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.