Capital Group Dividend Value ETF $CGDV Shares Sold by Wealthcare Capital Management LLC

Wealthcare Capital Management LLC trimmed its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,051 shares of the company’s stock after selling 4,563 shares during the quarter. Wealthcare Capital Management LLC’s holdings in Capital Group Dividend Value ETF were worth $515,000 at the end of the most recent reporting period.

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

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $42.34 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $42.53. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. The firm has a 50 day simple moving average of $41.40 and a 200-day simple moving average of $38.54.

Capital Group Dividend Value ETF Increases Dividend

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