Capital Group Dividend Value ETF $CGDV is Advance Capital Management Inc.’s 2nd Largest Position

Advance Capital Management Inc. increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,051,233 shares of the company’s stock after acquiring an additional 231,646 shares during the period. Capital Group Dividend Value ETF makes up 18.6% of Advance Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Advance Capital Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $438,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. increased its stake in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after purchasing an additional 2,772,053 shares in the last quarter. Bank of America Corp DE increased its position in Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Capital Group Dividend Value ETF by 39.1% during the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after buying an additional 2,208,093 shares during the last quarter. Mainstay Capital Management LLC ADV purchased a new position in Capital Group Dividend Value ETF during the third quarter valued at $70,987,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after acquiring an additional 1,496,823 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $43.14 on Friday. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01. The company has a market capitalization of $27.55 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business’s fifty day simple moving average is $44.79 and its two-hundred day simple moving average is $43.46.

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 1.8%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.