Capital Group Dividend Value ETF $CGDV Stock: Summit Investment Advisory Services LLC Raises Holdings

Summit Investment Advisory Services LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,038,665 shares of the company’s stock after buying an additional 17,863 shares during the quarter. Capital Group Dividend Value ETF comprises about 12.6% of Summit Investment Advisory Services LLC’s holdings, making the stock its largest position. Summit Investment Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $50,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Ballew Advisors Inc lifted its holdings in Capital Group Dividend Value ETF by 1.5% in the third quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock valued at $675,000 after buying an additional 203 shares during the period. Symphony Financial Ltd. Co. grew its holdings in Capital Group Dividend Value ETF by 3.8% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after acquiring an additional 204 shares during the period. Cypress Capital LLC grew its holdings in Capital Group Dividend Value ETF by 2.6% during the 3rd 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 raised its position in shares of Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after acquiring an additional 218 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 11.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,175 shares of the company’s stock valued at $106,000 after purchasing an additional 225 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock traded down $0.03 on Friday, hitting $47.42. 3,543,328 shares of the company’s stock traded hands, compared to its average volume of 4,071,599. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The company has a fifty day moving average of $49.23 and a two-hundred day moving average of $47.54. The company has a market capitalization of $37.81 billion, a price-to-earnings 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. Shareholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This represents a $0.61 annualized dividend and a yield of 1.3%. 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 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.