EverSource Wealth Advisors LLC Has $3.41 Million Position in Capital Group Dividend Value ETF $CGDV

EverSource Wealth Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 30.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,284 shares of the company’s stock after purchasing an additional 20,382 shares during the period. EverSource Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $3,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGDV. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after acquiring an additional 2,220,112 shares in the last quarter. HighTower Advisors LLC grew its stake in Capital Group Dividend Value ETF by 378.6% in the first quarter. HighTower Advisors LLC now owns 2,493,381 shares of the company’s stock valued at $88,864,000 after purchasing an additional 1,972,404 shares in the last quarter. Cetera Investment Advisers grew its stake in Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after purchasing an additional 1,730,269 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Capital Group Dividend Value ETF by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after purchasing an additional 1,513,067 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Capital Group Dividend Value ETF by 47.3% during the 1st quarter. Jones Financial Companies Lllp now owns 3,955,630 shares of the company’s stock worth $140,307,000 after purchasing an additional 1,270,569 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $43.67 on Friday. The firm has a market cap of $24.64 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a 50-day simple moving average of $42.63 and a 200-day simple moving average of $40.93. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.86.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1359 dividend. 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 yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 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.