Capital Group Dividend Value ETF $CGDV Holdings Raised by Rather & Kittrell Inc.

Rather & Kittrell Inc. raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 100.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 40,056 shares of the company’s stock after purchasing an additional 20,095 shares during the period. Rather & Kittrell Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,684,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Confluence Wealth Services Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 2.9% during the third quarter. Confluence Wealth Services Inc. now owns 5,425,920 shares of the company’s stock worth $228,051,000 after acquiring an additional 155,000 shares in the last quarter. Clear Point Advisors Inc. increased its position in Capital Group Dividend Value ETF by 7.1% in the 3rd quarter. Clear Point Advisors Inc. now owns 57,403 shares of the company’s stock worth $2,413,000 after purchasing an additional 3,795 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Capital Group Dividend Value ETF by 8.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 265,722 shares of the company’s stock worth $11,168,000 after purchasing an additional 21,580 shares in the last quarter. Csenge Advisory Group acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at about $375,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $102,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $44.55 on Friday. The company has a market capitalization of $27.78 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock’s 50 day moving average price is $43.60 and its 200 day moving average price is $42.22. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $44.67.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared 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. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th. This represents a $0.77 annualized dividend and a dividend yield of 1.7%.

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.