NWF Advisory Services Inc. Boosts Position in Capital Group Dividend Value ETF $CGDV

NWF Advisory Services Inc. raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 138.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,795 shares of the company’s stock after purchasing an additional 21,915 shares during the quarter. NWF Advisory Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,863,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares during the period. Raymond James Financial Inc. grew its holdings in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares during the period. Capital International Investors increased its stake in shares of Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after purchasing an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after purchasing an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.7%

Capital Group Dividend Value ETF stock opened at $50.10 on Friday. Capital Group Dividend Value ETF has a 12 month low of $41.08 and a 12 month high of $51.63. The company has a market capitalization of $38.00 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business’s fifty day simple moving average is $49.75 and its two-hundred day simple moving average is $47.34.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a $0.1471 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.59 dividend on an annualized basis and a yield of 1.2%.

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