Fifth Third Securities Inc. Purchases 12,021 Shares of Capital Group Dividend Value ETF $CGDV

Fifth Third Securities Inc. boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,457 shares of the company’s stock after purchasing an additional 12,021 shares during the period. Fifth Third Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGDV. Trust Co. of Vermont purchased a new position in Capital Group Dividend Value ETF in the second quarter worth about $29,000. Washington Trust Advisors Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. Capital Analysts LLC purchased a new position in Capital Group Dividend Value ETF in the 1st quarter worth approximately $30,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $35,000. Finally, Banco de Sabadell S.A bought a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $47,000.

Capital Group Dividend Value ETF Trading Up 0.8%

Shares of CGDV opened at $43.62 on Monday. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business’s fifty day simple moving average is $42.92 and its two-hundred day simple moving average is $41.48. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $43.93.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.1359 dividend. This represents a $0.54 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 30th. 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.