Confluence Wealth Services Inc. Has $228.05 Million Stock Position in Capital Group Dividend Value ETF $CGDV

Confluence Wealth Services Inc. lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,425,920 shares of the company’s stock after purchasing an additional 155,000 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 11.2% of Confluence Wealth Services Inc.’s holdings, making the stock its largest position. Confluence Wealth Services Inc. owned 0.98% of Capital Group Dividend Value ETF worth $228,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGDV. Clear Point Advisors Inc. raised its stake in Capital Group Dividend Value ETF by 7.1% during the third quarter. Clear Point Advisors Inc. now owns 57,403 shares of the company’s stock valued at $2,413,000 after buying an additional 3,795 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Capital Group Dividend Value ETF by 8.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 265,722 shares of the company’s stock valued at $11,168,000 after acquiring an additional 21,580 shares in the last quarter. Csenge Advisory Group purchased a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $375,000. Global Trust Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the 3rd quarter worth about $102,000. Finally, Magnus Financial Group LLC grew its position in Capital Group Dividend Value ETF by 2.7% during the 3rd quarter. Magnus Financial Group LLC now owns 235,655 shares of the company’s stock valued at $9,905,000 after purchasing an additional 6,282 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $44.55 on Friday. The company has a 50-day simple moving average of $43.60 and a two-hundred day simple moving average of $42.22. The stock has a market capitalization of $28.96 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $44.67.

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 given a $0.1928 dividend. 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. This represents a $0.77 annualized dividend and a yield of 1.7%.

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.