Simplicity Wealth LLC Increases Holdings in Capital Group Dividend Value ETF $CGDV

Simplicity Wealth LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 97.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,680 shares of the company’s stock after buying an additional 41,386 shares during the period. Simplicity Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $3,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter valued at $28,000. Capital Analysts LLC purchased a new stake in Capital Group Dividend Value ETF in the first quarter valued at $30,000. Golden State Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF in the first quarter valued at $32,000. Finally, Fifth Third Bancorp acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth about $37,000.

Capital Group Dividend Value ETF Stock Down 0.1%

Shares of CGDV stock opened at $42.34 on Monday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $42.53. The stock has a market cap of $22.54 billion, a PE ratio of 26.59 and a beta of 0.91. The business has a 50-day simple moving average of $41.40 and a 200-day simple moving average of $38.56.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1359 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend and a yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.