Sowell Financial Services LLC Acquires 10,424 Shares of Capital Group Dividend Value ETF $CGDV

Sowell Financial Services LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 50.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,977 shares of the company’s stock after buying an additional 10,424 shares during the quarter. Sowell Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $1,513,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CGDV. Ameritas Advisory Services LLC boosted its position in Capital Group Dividend Value ETF by 179.5% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock valued at $53,826,000 after purchasing an additional 701,514 shares during the last quarter. Capital Analysts LLC grew its stake in Capital Group Dividend Value ETF by 27.8% in the second quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after purchasing an additional 35,765 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its stake in Capital Group Dividend Value ETF by 2.1% in the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock valued at $63,200,000 after purchasing an additional 26,012 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Capital Group Dividend Value ETF by 2.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock worth $47,863,000 after purchasing an additional 19,594 shares during the last quarter. Finally, PCG Wealth Advisors LLC increased its position in shares of Capital Group Dividend Value ETF by 5.3% during the 2nd quarter. PCG Wealth Advisors LLC now owns 681,934 shares of the company’s stock worth $33,606,000 after purchasing an additional 34,563 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 1.5%

Shares of Capital Group Dividend Value ETF stock opened at $48.81 on Friday. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The stock has a market cap of $38.88 billion, a P/E ratio of 26.59 and a beta of 0.88. The business’s 50 day moving average is $49.41 and its 200-day moving average is $47.44.

Capital Group Dividend Value ETF Increases Dividend

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