Capital Group Dividend Value ETF $CGDV Shares Purchased by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.2% in the third quarter, HoldingsChannel reports. The fund owned 205,102 shares of the company’s stock after buying an additional 28,562 shares during the period. Capital Group Dividend Value ETF makes up about 4.1% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 6th largest holding. Armstrong Fleming & Moore Inc’s holdings in Capital Group Dividend Value ETF were worth $8,620,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CGDV. Raymond James Financial Inc. boosted its stake in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after purchasing an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock valued at $660,300,000 after buying an additional 1,513,067 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after buying an additional 1,496,823 shares in the last quarter. Bank of America Corp DE boosted its stake in Capital Group Dividend Value ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after buying an additional 2,471,984 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after acquiring an additional 1,730,269 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $43.93 on Wednesday. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.26. The business’s fifty day moving average is $43.22 and its two-hundred day moving average is $41.77. The stock has a market capitalization of $24.79 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 was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, December 26th. This is a positive change 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.