Walkner Condon Financial Advisors LLC Purchases 16,053 Shares of Capital Group Dividend Value ETF $CGDV

Walkner Condon Financial Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 129.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,443 shares of the company’s stock after buying an additional 16,053 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth $29,000. Washington Trust Advisors Inc. bought a new position in Capital Group Dividend Value ETF during the 2nd quarter worth $29,000. FNY Investment Advisers LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB grew its position in Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Banco de Sabadell S.A acquired a new position in shares of Capital Group Dividend Value ETF during the second quarter worth $47,000.

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 PE ratio of 26.59 and a beta of 0.89. The company has a 50 day simple moving average of $43.60 and a two-hundred day simple moving average of $42.23. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $44.67.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1928 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, December 26th.

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.