Merit Financial Group LLC Raises Stock Holdings in Capital Group Dividend Value ETF $CGDV

Merit Financial Group LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 31.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 298,904 shares of the company’s stock after buying an additional 71,143 shares during the period. Merit Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $11,804,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CGDV. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Capital Group Dividend Value ETF by 56.1% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,034 shares of the company’s stock valued at $322,000 after acquiring an additional 3,246 shares during the last quarter. Stablepoint Partners LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $607,000. Pines Wealth Management LLC boosted its position in shares of Capital Group Dividend Value ETF by 6.2% during the 1st quarter. Pines Wealth Management LLC now owns 45,796 shares of the company’s stock worth $1,632,000 after purchasing an additional 2,678 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Capital Group Dividend Value ETF by 21.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 58,112 shares of the company’s stock worth $2,071,000 after purchasing an additional 10,213 shares during the period. Finally, NavPoint Financial Inc. acquired a new position in Capital Group Dividend Value ETF during the first quarter worth $268,000.

Capital Group Dividend Value ETF Stock Down 0.1%

NYSEARCA:CGDV opened at $42.34 on Friday. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.53. The stock’s fifty day moving average is $41.40 and its two-hundred day moving average is $38.54.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1359 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 1.3%.

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.