Procyon Advisors LLC Buys 38,112 Shares of Capital Group Dividend Value ETF $CGDV

Procyon Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 812,905 shares of the company’s stock after buying an additional 38,112 shares during the period. Capital Group Dividend Value ETF makes up 0.5% of Procyon Advisors LLC’s portfolio, making the stock its 11th biggest position. Procyon Advisors LLC owned approximately 0.13% of Capital Group Dividend Value ETF worth $35,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. grew its holdings in 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 during the period. Bank of America Corp DE raised its holdings in Capital Group Dividend Value ETF by 20.4% in the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares during the period. Jones Financial Companies Lllp boosted its position in shares of 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 worth $328,634,000 after purchasing an additional 2,208,093 shares in the last quarter. Mainstay Capital Management LLC ADV bought a new position in shares of Capital Group Dividend Value ETF during the third quarter worth $70,987,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after buying an additional 1,496,823 shares during the period.

Capital Group Dividend Value ETF Trading Down 1.5%

NYSEARCA:CGDV opened at $42.50 on Friday. The stock has a market cap of $27.14 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average price of $44.75 and a two-hundred day moving average price of $43.49. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year 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. Investors of record on Friday, December 26th were paid a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend 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.