Capital Group Dividend Value ETF $CGDV Stock: Sage Private Wealth Group LLC Lowers Position

Sage Private Wealth Group LLC lowered its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,639 shares of the company’s stock after selling 15,829 shares during the period. Capital Group Dividend Value ETF comprises about 6.3% of Sage Private Wealth Group LLC’s holdings, making the stock its 3rd largest holding. Sage Private Wealth Group LLC’s holdings in Capital Group Dividend Value ETF were worth $19,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CGDV. Richards Merrill & Peterson Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after buying an additional 24,945 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Capital Group Dividend Value ETF by 179.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock worth $53,826,000 after buying an additional 701,514 shares during the last quarter. Capital Analysts LLC lifted its position in Capital Group Dividend Value ETF by 27.8% in the 2nd quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock worth $8,095,000 after buying an additional 35,765 shares during the last quarter. Guardian Wealth Advisors LLC NC boosted its stake in Capital Group Dividend Value ETF by 2.1% in the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock worth $63,200,000 after buying an additional 26,012 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Capital Group Dividend Value ETF by 101.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 130,038 shares of the company’s stock worth $5,532,000 after buying an additional 65,543 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $49.18 on Thursday. 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 50 day simple moving average of $49.63 and a two-hundred day simple moving average of $48.58. The firm has a market cap of $39.00 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

About Capital Group Dividend Value ETF

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.