Spire Wealth Management Sells 5,105 Shares of Capital Group Dividend Value ETF $CGDV

Spire Wealth Management decreased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 81,487 shares of the company’s stock after selling 5,105 shares during the quarter. Spire Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $3,218,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of Capital Group Dividend Value ETF by 34.0% in the 1st quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after buying an additional 7,468,408 shares during the period. Raymond James Financial Inc. grew its stake in shares of Capital Group Dividend Value ETF by 1.8% during the first quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock worth $618,484,000 after purchasing an additional 301,908 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Dividend Value ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after purchasing an additional 1,513,067 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Dividend Value ETF by 19.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after purchasing an additional 2,220,112 shares during the period. Finally, Cetera Investment Advisers grew its stake in Capital Group Dividend Value ETF by 19.8% in the first quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock valued at $360,668,000 after acquiring an additional 1,672,691 shares during the period.

Capital Group Dividend Value ETF Trading Down 1.2%

NYSEARCA:CGDV opened at $42.67 on Friday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $43.40. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average price of $41.99 and a two-hundred day moving average price of $39.55.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%.

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.