Total Clarity Wealth Management Inc. Buys 37,296 Shares of Capital Group Dividend Value ETF $CGDV

Total Clarity Wealth Management Inc. increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 140.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,797 shares of the company’s stock after acquiring an additional 37,296 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGDV. Hughes Financial Services LLC bought a new position in shares of Capital Group Dividend Value ETF during the first quarter worth $28,000. Trust Co. of Vermont bought a new position in Capital Group Dividend Value ETF during the second quarter valued at $29,000. Capital Analysts LLC bought a new position in Capital Group Dividend Value ETF during the first quarter valued at $30,000. Golden State Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the first quarter valued at $32,000. Finally, Fifth Third Bancorp bought a new position in Capital Group Dividend Value ETF during the first quarter valued at $37,000.

Capital Group Dividend Value ETF Stock Down 2.4%

CGDV stock opened at $41.33 on Monday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.66. The company has a fifty day simple moving average of $41.55 and a two-hundred day simple moving average of $38.76. The firm has a market capitalization of $22.39 billion, a P/E ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF Company 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.