Litman Gregory Wealth Management LLC Sells 3,394 Shares of Capital Group Dividend Value ETF $CGDV

Litman Gregory Wealth Management LLC reduced its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,107 shares of the company’s stock after selling 3,394 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $1,268,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CGDV. Confluence Wealth Services Inc. lifted its stake in Capital Group Dividend Value ETF by 3.5% in the second quarter. Confluence Wealth Services Inc. now owns 5,270,920 shares of the company’s stock worth $208,149,000 after acquiring an additional 179,851 shares during the period. Valley National Advisers Inc. raised its holdings in Capital Group Dividend Value ETF by 13.6% in the 2nd quarter. Valley National Advisers Inc. now owns 8,615 shares of the company’s stock worth $339,000 after purchasing an additional 1,034 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Capital Group Dividend Value ETF by 139.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 197,689 shares of the company’s stock worth $7,807,000 after purchasing an additional 115,022 shares during the period. Woodmont Investment Counsel LLC boosted its stake in shares of Capital Group Dividend Value ETF by 12.2% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 46,341 shares of the company’s stock valued at $1,830,000 after purchasing an additional 5,034 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Capital Group Dividend Value ETF by 31.2% during the 2nd quarter. Merit Financial Group LLC now owns 298,904 shares of the company’s stock valued at $11,804,000 after purchasing an additional 71,143 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $42.34 on Monday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.53. The company has a market cap of $22.54 billion, a P/E ratio of 26.59 and a beta of 0.91. The firm has a 50-day moving average of $41.40 and a 200 day moving average of $38.56.

Capital Group Dividend Value ETF Increases Dividend

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

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.