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

Cornerstone Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 56.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,620 shares of the company’s stock after purchasing an additional 7,403 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Hershey Financial Advisers LLC bought a new position in Capital Group Dividend Value ETF during the second quarter worth $36,000. Cassady Schiller Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at about $83,000. Mather Group LLC. raised its holdings in Capital Group Dividend Value ETF by 36.7% in the 3rd quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock valued at $126,000 after acquiring an additional 930 shares during the period. Westside Investment Management Inc. lifted its position in Capital Group Dividend Value ETF by 1,595.7% during the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after acquiring an additional 3,670 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 503.2% during the third quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock worth $151,000 after acquiring an additional 3,497 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.1 %

Capital Group Dividend Value ETF stock opened at $36.64 on Friday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The stock’s 50 day moving average is $36.04 and its 200-day moving average is $35.69. Capital Group Dividend Value ETF has a 12 month low of $29.85 and a 12 month high of $37.17.

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.