Thrivent Financial for Lutherans Takes Position in Capital Group Dividend Value ETF $CGDV

Thrivent Financial for Lutherans acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the second quarter, HoldingsChannel reports. The firm acquired 50,183 shares of the company’s stock, valued at approximately $1,982,000.

Several other hedge funds have also added to or reduced their stakes in the business. Jane Street Group LLC increased its position in Capital Group Dividend Value ETF by 51.9% in the 1st quarter. Jane Street Group LLC now owns 734,962 shares of the company’s stock valued at $26,194,000 after acquiring an additional 250,994 shares during the period. WCG Wealth Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 24.2% in the first quarter. WCG Wealth Advisors LLC now owns 19,006 shares of the company’s stock worth $677,000 after purchasing an additional 3,708 shares during the last quarter. Per Stirling Capital Management LLC. increased its holdings in Capital Group Dividend Value ETF by 1.1% in the first quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock valued at $2,058,000 after purchasing an additional 644 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its holdings in Capital Group Dividend Value ETF by 0.6% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 833,204 shares of the company’s stock valued at $29,695,000 after purchasing an additional 5,213 shares during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Capital Group Dividend Value ETF during the 1st quarter worth $83,000.

Capital Group Dividend Value ETF Trading Up 0.3%

Shares of CGDV opened at $44.10 on Wednesday. The stock’s 50-day moving average price is $43.01 and its two-hundred day moving average price is $41.57. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $44.11. The company 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 issued a $0.1359 dividend. 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 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.