Capital Group Dividend Value ETF $CGDV Position Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 114.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after acquiring an additional 106,743 shares during the quarter. International Assets Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $9,770,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares during the period. Bank of America Corp DE raised its position in Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the period. Advance Capital Management Inc. raised 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 during the period. Royal Bank of Canada raised 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 during the period. Finally, Kestra Advisory Services LLC lifted its stake in Capital Group Dividend Value ETF by 14.9% in the first 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 during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $48.81 on Friday. Capital Group Dividend Value ETF has a 1 year low of $41.31 and a 1 year high of $51.63. The firm has a 50-day simple moving average of $49.41 and a two-hundred day simple moving average of $47.44. The company has a market cap of $38.88 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 declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.1522 dividend. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend 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.