Capital Group Dividend Value ETF $CGDV Shares Acquired by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,990 shares of the company’s stock after purchasing an additional 12,100 shares during the period. Capital Group Dividend Value ETF accounts for approximately 1.1% of Richards Merrill & Peterson Inc.’s investment portfolio, making the stock its 22nd biggest holding. Richards Merrill & Peterson Inc.’s holdings in Capital Group Dividend Value ETF were worth $3,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. Ballew Advisors Inc grew its holdings in shares of Capital Group Dividend Value ETF by 1.5% in the third quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock valued at $675,000 after purchasing an additional 203 shares during the period. Symphony Financial Ltd. Co. increased its position in Capital Group Dividend Value ETF by 3.8% during the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after purchasing an additional 204 shares during the last quarter. CoreCap Advisors LLC raised its stake in Capital Group Dividend Value ETF by 19.5% during the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after purchasing an additional 218 shares during the period. Berger Financial Group Inc raised its stake in Capital Group Dividend Value ETF by 3.1% during the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after purchasing an additional 224 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in Capital Group Dividend Value ETF by 11.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,175 shares of the company’s stock worth $106,000 after purchasing an additional 225 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.3%

NYSEARCA:CGDV traded up $0.17 on Monday, hitting $49.09. The stock had a trading volume of 1,310,039 shares, compared to its average volume of 4,115,556. The company has a fifty day moving average price of $49.76 and a two-hundred day moving average price of $48.44. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The stock has a market cap of $38.85 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

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.