Capital Group Dividend Value ETF $CGDV Holdings Boosted by Waverly Advisors LLC

Waverly Advisors LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 209.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,161 shares of the company’s stock after acquiring an additional 96,931 shares during the period. Waverly Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $7,055,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter valued at $236,000. Franklin Resources Inc. acquired a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at $226,000. Russell Investments Group Ltd. grew its position in shares of Capital Group Dividend Value ETF by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after acquiring an additional 925 shares during the last quarter. Brown Advisory Inc. lifted its position in Capital Group Dividend Value ETF by 22.7% in the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Capital Group Dividend Value ETF by 21.1% in the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after purchasing an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.7%

Capital Group Dividend Value ETF stock opened at $49.54 on Thursday. Capital Group Dividend Value ETF has a 52-week low of $41.24 and a 52-week high of $51.63. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm has a 50-day moving average price of $49.82 and a two-hundred day moving average price of $47.46.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.1471 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 30th.

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.