Capital Group Dividend Value ETF $CGDV Stock Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,208 shares of the company’s stock after buying an additional 27,087 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $14,958,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers raised its position in 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 acquiring an additional 1,959,868 shares in the last quarter. Bank of America Corp DE lifted its holdings in Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after acquiring an additional 1,166,097 shares during the period. Advance Capital Management Inc. boosted its position in Capital Group Dividend Value ETF by 1.4% in the 1st quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after purchasing an additional 140,796 shares in the last quarter. Royal Bank of Canada boosted its position in Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Capital Group Dividend Value ETF by 14.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after purchasing an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $48.83 on Tuesday. The stock has a market capitalization of $39.51 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $41.31 and a 12 month high of $51.63. The firm’s 50 day simple moving average is $49.50 and its 200-day simple moving average is $47.34.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. 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. The ex-dividend date of this dividend was Wednesday, September 30th.

Capital Group Dividend Value ETF 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.