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

Cornerstone Advisory LLC purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, Holdings Channel reports. The fund purchased 126,876 shares of the company’s stock, valued at approximately $5,397,000.

Several other institutional investors have also recently made changes to their positions in CGDV. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth $32,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth $32,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $49.01 on Wednesday. The business’s fifty day moving average is $48.42 and its 200 day moving average is $45.92. Capital Group Dividend Value ETF has a fifty-two week low of $39.87 and a fifty-two week high of $49.55. The company has a market capitalization 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.