Capital Group Dividend Value ETF $CGDV Stock Holdings Increased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,814,179 shares of the company’s stock after buying an additional 854,553 shares during the quarter. Capital Group Dividend Value ETF comprises about 9.9% of Confluence Wealth Services Inc.’s portfolio, making the stock its largest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $381,723,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Provenance Wealth Advisors LLC bought a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at about $33,000. CoreCap Advisors LLC boosted its holdings 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. Compass Financial Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth approximately $73,000. Beacon Financial Strategies CORP acquired a new position in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $79,000. Finally, Abound Wealth Management grew its position in shares of Capital Group Dividend Value ETF by 5,441.7% in the second quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock valued at $98,000 after purchasing an additional 1,959 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.1%

Shares of NYSEARCA CGDV opened at $48.48 on Wednesday. The firm has a market cap of $38.68 billion, a P/E ratio of 23.29 and a beta of 0.89. The business’s 50 day moving average is $49.16 and its 200-day moving average is $47.59. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This represents a $0.61 annualized dividend and a yield of 1.3%. 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.

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.