Freedom Financial Partners LLC Purchases Shares of 126,661 Capital Group Dividend Value ETF $CGDV

Freedom Financial Partners LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 126,661 shares of the company’s stock, valued at approximately $5,324,000. Capital Group Dividend Value ETF makes up 2.0% of Freedom Financial Partners LLC’s holdings, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in Capital Group Dividend Value ETF in the second quarter worth $29,000. Washington Trust Advisors Inc. purchased a new stake in Capital Group Dividend Value ETF in the second quarter valued at about $29,000. FNY Investment Advisers LLC acquired a new stake in Capital Group Dividend Value ETF in the second quarter worth about $35,000. Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth about $47,000. Finally, Blue Trust Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 0.0%

Shares of Capital Group Dividend Value ETF stock opened at $43.93 on Wednesday. The company has a 50 day moving average price of $43.22 and a 200 day moving average price of $41.77. The firm has a market capitalization of $24.79 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $44.26.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a dividend yield of 1.8%.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.