BlackDiamond Wealth Management LLC Purchases 17,555 Shares of Capital Group Dividend Value ETF $CGDV

BlackDiamond Wealth Management LLC boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 17.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 120,055 shares of the company’s stock after purchasing an additional 17,555 shares during the period. Capital Group Dividend Value ETF comprises approximately 2.7% of BlackDiamond Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. BlackDiamond Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $4,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CGDV. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $29,000. Washington Trust Advisors Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000. Capital Analysts LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter worth $30,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF in the second quarter worth $35,000. Finally, Blue Trust Inc. increased its position in Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after buying an additional 322 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $43.64 on Friday. The stock’s 50 day simple moving average is $42.66 and its 200 day simple moving average is $41.00. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $43.86. The company has a market capitalization of $24.63 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.