Assetmark Inc. Decreases Stock Holdings in Capital Group Dividend Value ETF $CGDV

Assetmark Inc. trimmed its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 705,284 shares of the company’s stock after selling 92,493 shares during the quarter. Assetmark Inc.’s holdings in Capital Group Dividend Value ETF were worth $29,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGDV. AQR Capital Management LLC purchased a new position in Capital Group Dividend Value ETF in the 1st quarter valued at about $236,000. Blue Trust Inc. grew its stake in shares of Capital Group Dividend Value ETF by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after buying an additional 322 shares during the period. Private Trust Co. NA grew its stake in shares of Capital Group Dividend Value ETF by 54.4% during the 2nd quarter. Private Trust Co. NA now owns 30,935 shares of the company’s stock valued at $1,222,000 after buying an additional 10,894 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Capital Group Dividend Value ETF by 47.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 97,038 shares of the company’s stock valued at $3,832,000 after buying an additional 31,165 shares during the period. Finally, Koshinski Asset Management Inc. raised its holdings in Capital Group Dividend Value ETF by 12.6% in the second quarter. Koshinski Asset Management Inc. now owns 181,062 shares of the company’s stock valued at $7,150,000 after buying an additional 20,262 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $45.33 on Friday. The stock has a 50-day simple moving average of $44.30 and a 200-day simple moving average of $42.82. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $46.01. The firm has a market cap of $28.95 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared 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 1.7%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th.

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.