Root Financial Partners LLC Purchases 15,895 Shares of Capital Group Dividend Value ETF $CGDV

by · The Cerbat Gem

Root Financial Partners LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 238.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,552 shares of the company’s stock after acquiring an additional 15,895 shares during the quarter. Root Financial Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $1,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the last quarter. Advance Capital Management Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 1.4% during the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock valued at $433,569,000 after purchasing an additional 140,796 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Capital Group Dividend Value ETF by 19.6% during the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after purchasing an additional 1,223,486 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 14.9% during the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock valued at $249,175,000 after purchasing an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $48.76 on Friday. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The stock has a market capitalization of $38.71 billion, a PE ratio of 26.59 and a beta of 0.88. The business’s fifty day moving average is $49.58 and its 200 day moving average is $48.62.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

About Capital Group Dividend Value ETF

(Free Report)

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.

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