SK Wealth Management LLC Takes Position in Capital Group Dividend Value ETF $CGDV

by · The Markets Daily

SK Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 132,177 shares of the company’s stock, valued at approximately $5,599,000. Capital Group Dividend Value ETF makes up about 2.1% of SK Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter worth about $29,000. Capital Analysts LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth about $30,000. FNY Investment Advisers LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $35,000. Finally, Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $47,000.

Capital Group Dividend Value ETF Stock Up 0.8%

Shares of NYSEARCA CGDV opened at $43.62 on Friday. The stock has a market cap of $24.61 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.93. The business has a 50-day moving average price of $42.92 and a 200 day moving average price of $41.45.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

Capital Group Dividend Value ETF Company Profile

(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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