Convergence Financial LLC Has $5.71 Million Position in Capital Group Dividend Value ETF $CGDV

Convergence Financial LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 23.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,821 shares of the company’s stock after purchasing an additional 25,777 shares during the quarter. Convergence Financial LLC’s holdings in Capital Group Dividend Value ETF were worth $5,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lincoln Capital LLC raised its position in shares of Capital Group Dividend Value ETF by 1.4% in the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock valued at $705,000 after purchasing an additional 235 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 2.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock worth $550,000 after buying an additional 252 shares during the period. Ameriprise Financial Inc. grew its stake in 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 valued at $635,000 after buying an additional 263 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in Capital Group Dividend Value ETF by 0.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock worth $1,340,000 after acquiring an additional 276 shares during the period. Finally, Atlas Legacy Advisors LLC lifted its position in Capital Group Dividend Value ETF by 0.9% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 42,118 shares of the company’s stock worth $1,770,000 after acquiring an additional 362 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $45.86 on Friday. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company has a 50-day moving average of $44.50 and a two-hundred day moving average of $42.99. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1928 dividend. This is an increase 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 dividend on an annualized basis 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.