Capital Group Dividend Value ETF $CGDV Stock: Victory Financial Group LLC Grows Position

Victory Financial Group LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 129.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 267,036 shares of the company’s stock after purchasing an additional 150,891 shares during the period. Capital Group Dividend Value ETF comprises about 1.2% of Victory Financial Group LLC’s holdings, making the stock its 18th largest holding. Victory Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $13,045,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 11.7% during the 3rd quarter. IMG Wealth Management Inc. now owns 314,570 shares of the company’s stock valued at $15,367,000 after buying an additional 32,830 shares in the last quarter. Latitude Advisors LLC lifted its position in Capital Group Dividend Value ETF by 21.2% in the 3rd quarter. Latitude Advisors LLC now owns 116,781 shares of the company’s stock worth $5,705,000 after buying an additional 20,441 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in Capital Group Dividend Value ETF by 13.8% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 43,740 shares of the company’s stock worth $2,137,000 after buying an additional 5,296 shares during the last quarter. Roman Butler Fullerton & Co. boosted its stake in Capital Group Dividend Value ETF by 29.4% in the third quarter. Roman Butler Fullerton & Co. now owns 19,422 shares of the company’s stock worth $952,000 after buying an additional 4,415 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its stake in Capital Group Dividend Value ETF by 37.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 80,930 shares of the company’s stock worth $3,953,000 after buying an additional 22,170 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $49.14 on Wednesday. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The firm’s 50 day simple moving average is $49.47 and its two-hundred day simple moving average is $47.37. The stock has a market capitalization of $39.76 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 announced 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. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.