Brookstone Capital Management Has $3.19 Million Stake in Capital Group Dividend Value ETF $CGDV

Brookstone Capital Management grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.5% during the third quarter, HoldingsChannel reports. The firm owned 75,968 shares of the company’s stock after buying an additional 15,417 shares during the period. Brookstone Capital Management’s holdings in Capital Group Dividend Value ETF were worth $3,193,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Southland Equity Partners LLC boosted its position in Capital Group Dividend Value ETF by 23.4% during the third quarter. Southland Equity Partners LLC now owns 26,195 shares of the company’s stock valued at $1,101,000 after acquiring an additional 4,964 shares during the last quarter. Founders Financial Securities LLC lifted its stake in shares of Capital Group Dividend Value ETF by 5.8% in the 3rd quarter. Founders Financial Securities LLC now owns 221,492 shares of the company’s stock valued at $9,309,000 after purchasing an additional 12,084 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at about $5,649,000. DAVENPORT & Co LLC boosted its position in shares of Capital Group Dividend Value ETF by 24.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 246,794 shares of the company’s stock valued at $10,373,000 after purchasing an additional 49,105 shares in the last quarter. Finally, Fourpath Capital Management LLC grew its stake in Capital Group Dividend Value ETF by 29.4% during the third quarter. Fourpath Capital Management LLC now owns 472,660 shares of the company’s stock worth $19,866,000 after purchasing an additional 107,325 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $44.04 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $44.26. The stock has a 50 day simple moving average of $43.15 and a two-hundred day simple moving average of $41.67. The company has a market cap of $24.85 billion, a P/E 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 will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be given a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, December 26th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.