Acas LLC Has $11.71 Million Stock Position in Capital Group Dividend Value ETF $CGDV

Acas LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.0% during the 2nd quarter, Holdings Channel reports. The firm owned 285,215 shares of the company’s stock after purchasing an additional 13,666 shares during the quarter. Capital Group Dividend Value ETF makes up about 7.9% of Acas LLC’s investment portfolio, making the stock its 2nd biggest position. Acas LLC’s holdings in Capital Group Dividend Value ETF were worth $11,711,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CGDV. Raymond James Financial Inc. lifted its holdings in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after purchasing an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after buying an additional 1,513,067 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after acquiring an additional 1,496,823 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 1,730,269 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 6.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,864,666 shares of the company’s stock worth $389,556,000 after acquiring an additional 576,953 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $43.46 on Friday. The stock’s 50 day simple moving average is $42.81 and its 200 day simple moving average is $41.21. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $43.93. The firm has a market cap of $24.52 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This is a boost 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.