GWN Securities Inc. Decreases Stock Position in Capital Group Dividend Value ETF $CGDV

GWN Securities Inc. lowered its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 50.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,096 shares of the company’s stock after selling 30,003 shares during the period. GWN Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,150,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CGDV. Hughes Financial Services LLC purchased a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $28,000. Trust Co. of Vermont purchased a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $29,000. Capital Analysts LLC purchased a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $30,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth about $32,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $43.22 on Tuesday. The stock has a market capitalization of $23.89 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $43.25. The business’s 50-day moving average is $41.86 and its 200 day moving average is $39.39.

Capital Group Dividend Value ETF Increases Dividend

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

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.