Capital Group Dividend Value ETF $CGDV is Fourpath Capital Management LLC’s 5th Largest Position

Fourpath Capital Management LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472,660 shares of the company’s stock after purchasing an additional 107,325 shares during the quarter. Capital Group Dividend Value ETF makes up 2.8% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Fourpath Capital Management LLC owned approximately 0.09% of Capital Group Dividend Value ETF worth $19,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Capital Group Dividend Value ETF Trading Up 0.8%

Capital Group Dividend Value ETF stock opened at $43.96 on Tuesday. The company has a fifty day simple moving average of $42.96 and a 200-day simple moving average of $41.52. The stock has a market cap of $24.81 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $43.97.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. 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%.

Capital Group Dividend Value ETF Company 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.