14,070 Shares in Capital Group Dividend Value ETF $CGDV Purchased by Altus Wealth Group LLC

Altus Wealth Group LLC acquired a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,070 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. increased its position in shares of Capital Group Dividend Value ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares during the period. Envestnet Asset Management Inc. grew its stake in 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 worth $660,300,000 after purchasing an additional 1,513,067 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after purchasing an additional 1,496,823 shares in the last quarter. Bank of America Corp DE increased its holdings in Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after purchasing an additional 2,471,984 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Capital Group Dividend Value ETF by 17.1% during the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after purchasing an additional 1,730,269 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.8%

Shares of CGDV stock opened at $43.97 on Friday. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $44.26. The stock has a market capitalization of $24.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a fifty day simple moving average of $43.29 and a two-hundred day simple moving average of $41.83.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th.

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.