Stonebridge Financial Group LLC Raises Holdings in Capital Group Dividend Value ETF $CGDV

Stonebridge Financial Group LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 46.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 77,193 shares of the company’s stock after purchasing an additional 24,620 shares during the period. Stonebridge Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $3,244,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after buying an additional 2,471,984 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Capital Group Dividend Value ETF by 11.5% in the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares during the last quarter. Cetera Investment Advisers raised its holdings in Capital Group Dividend Value ETF by 17.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Dividend Value ETF by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after purchasing an additional 1,513,067 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after purchasing an additional 1,496,823 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $43.93 on Wednesday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.26. The firm has a market capitalization of $24.79 billion, a PE ratio of 26.59 and a beta of 0.89. The business has a 50 day simple moving average of $43.22 and a 200-day simple moving average of $41.77.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1928 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%.

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.