18,685 Shares in Capital Group Dividend Value ETF $CGDV Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the second quarter, Holdings Channel reports. The fund acquired 18,685 shares of the company’s stock, valued at approximately $738,000.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $29,000. Washington Trust Advisors Inc. acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000. Capital Analysts LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at $30,000. FNY Investment Advisers LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $35,000. Finally, Blue Trust Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after purchasing an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 0.4%

CGDV stock opened at $42.35 on Wednesday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $43.56. The business has a 50-day simple moving average of $42.34 and a 200 day simple moving average of $40.40. The company has a market cap of $23.90 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced 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 an increase 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.