Founders Financial Securities LLC Purchases 12,084 Shares of Capital Group Dividend Value ETF $CGDV

Founders Financial Securities LLC boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 221,492 shares of the company’s stock after purchasing an additional 12,084 shares during the period. Founders Financial Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $9,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDV. Trust Co. of Vermont acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth about $29,000. Washington Trust Advisors Inc. bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $35,000. Banco de Sabadell S.A acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $47,000. Finally, Blue Trust Inc. lifted its stake in Capital Group Dividend Value ETF by 26.8% in the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after buying an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.3%

Capital Group Dividend Value ETF stock opened at $44.10 on Wednesday. The company has a 50 day moving average of $43.01 and a 200-day moving average of $41.57. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $44.11. The stock has a market capitalization of $24.89 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.