Endeavor Private Wealth Inc. Sells 13,013 Shares of Capital Group Dividend Value ETF $CGDV

Endeavor Private Wealth Inc. lowered its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.8% during the third quarter, HoldingsChannel reports. The firm owned 89,021 shares of the company’s stock after selling 13,013 shares during the period. Capital Group Dividend Value ETF accounts for approximately 1.1% of Endeavor Private Wealth Inc.’s holdings, making the stock its 25th biggest position. Endeavor Private Wealth Inc.’s holdings in Capital Group Dividend Value ETF were worth $4,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Provenance Wealth Advisors LLC purchased a new stake in Capital Group Dividend Value ETF during the third quarter valued at about $33,000. CoreCap Advisors LLC increased its position in shares of Capital Group Dividend Value ETF by 19.5% in 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 in the last quarter. Compass Financial Management LLC purchased a new position in shares of Capital Group Dividend Value ETF in the third quarter worth approximately $73,000. Beacon Financial Strategies CORP acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $79,000. Finally, Abound Wealth Management raised its holdings in shares of Capital Group Dividend Value ETF by 5,441.7% during the second quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock valued at $98,000 after acquiring an additional 1,959 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $49.08 on Thursday. The company has a market cap of $39.16 billion, a PE ratio of 23.29 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $41.31 and a 52 week high of $51.63. The firm has a 50 day simple moving average of $49.15 and a 200 day simple moving average of $47.61.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%.

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.