Cornerstone Advisory LLC Buys Shares of 126,876 Capital Group Dividend Value ETF $CGDV

Cornerstone Advisory LLC bought a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 126,876 shares of the company’s stock, valued at approximately $5,397,000.

A number of other hedge funds have also recently made changes to their positions in CGDV. Armstrong Fleming & Moore Inc boosted its stake in Capital Group Dividend Value ETF by 22.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 250,179 shares of the company’s stock worth $10,918,000 after purchasing an additional 45,077 shares in the last quarter. Kaizen Financial Strategies increased its stake in Capital Group Dividend Value ETF by 5.0% during the 4th quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock valued at $13,307,000 after purchasing an additional 14,641 shares in the last quarter. Richards Merrill & Peterson Inc. increased its stake in Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after purchasing an additional 24,945 shares in the last quarter. AA Financial Advisors LLC raised its holdings in Capital Group Dividend Value ETF by 4.5% in the fourth quarter. AA Financial Advisors LLC now owns 755,250 shares of the company’s stock worth $32,959,000 after buying an additional 32,219 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Capital Group Dividend Value ETF by 49.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock worth $10,734,000 after buying an additional 81,269 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $49.01 on Wednesday. The firm’s 50 day moving average price is $48.42 and its 200-day moving average price is $45.92. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55. The company has a market cap of $36.52 billion, a PE ratio of 26.59 and a beta of 0.88.

About Capital Group Dividend Value ETF

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.