Cornerstone Wealth Management LLC Buys 23,182 Shares of Capital Group Dividend Value ETF $CGDV

Cornerstone Wealth Management LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 87.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,582 shares of the company’s stock after acquiring an additional 23,182 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF during the 4th quarter worth approximately $25,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the 4th quarter worth approximately $32,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $32,000. CoreCap Advisors LLC grew its position in Capital Group Dividend Value ETF by 93.8% during the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Finally, Huntington National Bank bought a new position in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $49,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $47.82 on Friday. The stock has a market cap of $34.49 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a fifty-two week low of $36.10 and a fifty-two week high of $48.49. The stock has a 50 day simple moving average of $44.80 and a two-hundred day simple moving average of $44.31.

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.