Sage Private Wealth Group LLC Sells 15,829 Shares of Capital Group Dividend Value ETF $CGDV

Sage Private Wealth Group LLC trimmed its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,639 shares of the company’s stock after selling 15,829 shares during the period. Capital Group Dividend Value ETF comprises approximately 6.3% of Sage Private Wealth Group LLC’s portfolio, making the stock its 3rd largest position. Sage Private Wealth Group LLC’s holdings in Capital Group Dividend Value ETF were worth $19,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bayban purchased a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $36,000. Torren Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at about $58,000. Bellevue Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at about $62,000. CoreCap Advisors LLC lifted its stake in shares of Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares during the last quarter. Finally, Beacon Financial Strategies CORP purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at about $79,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $49.18 on Thursday. The stock has a market capitalization of $39.00 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The business has a 50-day moving average of $49.63 and a 200 day moving average of $48.58.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%.

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.