WESPAC Advisors LLC Has $1.51 Million Position in Capital Group Dividend Value ETF $CGDV

WESPAC Advisors LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 38,287 shares of the company’s stock after purchasing an additional 917 shares during the quarter. Capital Group Dividend Value ETF comprises 1.1% of WESPAC Advisors LLC’s portfolio, making the stock its 20th biggest holding. WESPAC Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,512,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $29,000. Capital Analysts LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $30,000. Golden State Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $32,000. Finally, Fifth Third Bancorp acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $37,000.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $42.34 on Wednesday. The company has a 50 day simple moving average of $41.45 and a 200 day simple moving average of $38.63. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. This is a positive change 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.