DAVENPORT & Co LLC Buys 49,105 Shares of Capital Group Dividend Value ETF $CGDV

DAVENPORT & Co LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,794 shares of the company’s stock after acquiring an additional 49,105 shares during the quarter. DAVENPORT & Co LLC’s holdings in Capital Group Dividend Value ETF were worth $10,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. Washington Trust Advisors Inc. bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at $35,000. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at $47,000. Finally, Blue Trust Inc. grew its holdings in Capital Group Dividend Value ETF by 26.8% in the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after acquiring an additional 322 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.3%

CGDV stock opened at $44.22 on Thursday. The stock has a market capitalization of $24.95 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The firm’s 50-day moving average price is $43.05 and its two-hundred day moving average price is $41.58. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $44.26.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 1.2%. This is a boost 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.