NWF Advisory Services Inc. Grows Holdings in Capital Group Dividend Value ETF $CGDV

NWF Advisory Services Inc. boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 138.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,795 shares of the company’s stock after acquiring an additional 21,915 shares during the period. NWF Advisory Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,863,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CGDV. Symphony Financial Ltd. Co. increased its stake in shares of Capital Group Dividend Value ETF by 3.8% in the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after purchasing an additional 204 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after buying an additional 218 shares in the last quarter. Berger Financial Group Inc lifted its stake in shares of Capital Group Dividend Value ETF by 3.1% during the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after buying an additional 224 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after buying an additional 238 shares in the last quarter. Finally, Cim LLC boosted its holdings in Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after buying an additional 250 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $50.10 on Friday. Capital Group Dividend Value ETF has a 52-week low of $41.08 and a 52-week high of $51.63. The firm has a market capitalization of $38.00 billion, a PE ratio of 26.59 and a beta of 0.88. The stock has a fifty day simple moving average of $49.75 and a two-hundred day simple moving average of $47.34.

Capital Group Dividend Value ETF Increases Dividend

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

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.