Financial Advocates Investment Management Decreases Position in Capital Group Dividend Value ETF $CGDV

Financial Advocates Investment Management lessened its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 92.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,045 shares of the company’s stock after selling 256,854 shares during the quarter. Financial Advocates Investment Management’s holdings in Capital Group Dividend Value ETF were worth $842,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CGDV. Washington Trust Advisors Inc. purchased a new stake in Capital Group Dividend Value ETF in the second quarter worth $29,000. FNY Investment Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $35,000. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. MassMutual Private Wealth & Trust FSB raised its stake in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after acquiring an additional 1,146 shares during the period. Finally, Trust Co. of Vermont raised its stake in Capital Group Dividend Value ETF by 83.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after acquiring an additional 611 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.8%

Shares of NYSEARCA:CGDV opened at $45.29 on Friday. The firm has a market capitalization of $28.92 billion, a PE ratio of 26.59 and a beta of 0.89. The company has a 50-day moving average price of $44.27 and a two-hundred day moving average price of $42.79. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01.

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 issued 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 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.