Cornerstone Wealth Management LLC Buys 7,403 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Cornerstone Wealth Management LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 56.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,620 shares of the company’s stock after acquiring an additional 7,403 shares during the period. Cornerstone Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $727,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Creative Planning increased its holdings in Capital Group Dividend Value ETF by 36.9% in the 3rd quarter. Creative Planning now owns 28,271 shares of the company’s stock valued at $1,030,000 after buying an additional 7,618 shares during the period. Souders Financial Advisors lifted its position in shares of Capital Group Dividend Value ETF by 1.9% during the 2nd quarter. Souders Financial Advisors now owns 728,080 shares of the company’s stock worth $24,027,000 after buying an additional 13,907 shares during the period. Prospect Financial Services LLC bought a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at $248,000. PFG Advisors boosted its position in Capital Group Dividend Value ETF by 13.5% in the third quarter. PFG Advisors now owns 75,993 shares of the company’s stock valued at $2,769,000 after buying an additional 9,056 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc grew its stake in Capital Group Dividend Value ETF by 23.1% during the third quarter. Armstrong Fleming & Moore Inc now owns 116,198 shares of the company’s stock worth $4,234,000 after buying an additional 21,827 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $36.64 on Friday. The business’s fifty day moving average is $36.04 and its two-hundred day moving average is $35.69. The firm has a market cap of $8.35 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 52 week low of $29.85 and a 52 week high of $37.17.

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.