HB Wealth Management LLC Buys 18,357 Shares of Capital Group Dividend Value ETF $CGDV

HB Wealth Management LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 153.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,338 shares of the company’s stock after purchasing an additional 18,357 shares during the quarter. HB Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CGDV. Ameriprise Financial Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after buying an additional 263 shares during the last quarter. Fiduciary Alliance LLC grew its position in Capital Group Dividend Value ETF by 0.9% in the third quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock worth $1,340,000 after acquiring an additional 276 shares in the last quarter. Blue Trust Inc. increased its stake in Capital Group Dividend Value ETF by 26.8% in the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares during the last quarter. United Advisor Group LLC raised its position in Capital Group Dividend Value ETF by 4.3% during the second quarter. United Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $354,000 after purchasing an additional 374 shares in the last quarter. Finally, Signature Wealth Management Group raised its position in Capital Group Dividend Value ETF by 3.3% during the second quarter. Signature Wealth Management Group now owns 12,632 shares of the company’s stock valued at $499,000 after purchasing an additional 406 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.7%

CGDV opened at $44.46 on Monday. The stock has a market capitalization of $27.34 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average price of $43.41 and a 200-day moving average price of $42.08. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $44.50.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1928 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th.

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.