Quantum Financial Planning Services Inc. Acquires 14,102 Shares of Capital Group Dividend Value ETF $CGDV

Quantum Financial Planning Services Inc. lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,325 shares of the company’s stock after purchasing an additional 14,102 shares during the period. Capital Group Dividend Value ETF comprises about 2.2% of Quantum Financial Planning Services Inc.’s portfolio, making the stock its 7th largest holding. Quantum Financial Planning Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $5,393,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CGDV. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new stake in Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000. Capital Analysts LLC purchased a new stake in Capital Group Dividend Value ETF in the 1st quarter worth $30,000. FNY Investment Advisers LLC acquired a new position in Capital Group Dividend Value ETF during the second quarter worth $35,000. Finally, Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF during the second quarter worth $47,000.

Capital Group Dividend Value ETF Stock Up 0.8%

Shares of NYSEARCA CGDV opened at $43.96 on Tuesday. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day simple moving average is $42.96 and its 200-day simple moving average is $41.52. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.97.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1359 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th.

About Capital Group Dividend Value ETF

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.