Sowell Financial Services LLC Purchases 41,401 Shares of Capital Group Dividend Value ETF $CGDV

Sowell Financial Services LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 201.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 61,954 shares of the company’s stock after buying an additional 41,401 shares during the quarter. Sowell Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $3,026,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Ballew Advisors Inc lifted its stake in shares of Capital Group Dividend Value ETF by 1.5% in the 3rd quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock worth $675,000 after acquiring an additional 203 shares during the period. Symphony Financial Ltd. Co. boosted its holdings in shares of Capital Group Dividend Value ETF by 3.8% in the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock valued at $278,000 after acquiring an additional 204 shares in the last quarter. Cypress Capital LLC increased its stake in shares of Capital Group Dividend Value ETF by 2.6% during the third quarter. Cypress Capital LLC now owns 8,627 shares of the company’s stock worth $421,000 after acquiring an additional 217 shares during the period. CoreCap Advisors LLC increased its stake in shares of 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 acquiring an additional 218 shares during the period. Finally, Berger Financial Group Inc increased its stake in shares of 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 acquiring an additional 224 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.0%

NYSEARCA CGDV opened at $49.18 on Thursday. The stock has a market capitalization of $39.00 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The firm has a 50-day moving average price of $49.63 and a 200 day moving average price of $48.58.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.1522 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%. 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.