Capital Group Dividend Value ETF $CGDV Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 72.6% in the third quarter, Holdings Channel reports. The institutional investor owned 11,421 shares of the company’s stock after selling 30,318 shares during the period. Capital Group Dividend Value ETF makes up 0.9% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 17th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Capital Group Dividend Value ETF were worth $558,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Capital Management LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at $34,000. Bayban bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at $36,000. CoreCap Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares during the period. Torren Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth $58,000. Finally, Bellevue Asset Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth $62,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV traded down $0.55 during mid-day trading on Wednesday, reaching $49.13. The company had a trading volume of 1,461,390 shares, compared to its average volume of 4,128,535. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The firm has a market cap of $38.82 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business’s 50-day simple moving average is $49.87 and its 200 day simple moving average is $48.29.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.