Brookstone Capital Management Cuts Stake in Capital Group Dividend Value ETF $CGDV

Brookstone Capital Management cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,197 shares of the company’s stock after selling 12,771 shares during the period. Brookstone Capital Management’s holdings in Capital Group Dividend Value ETF were worth $2,758,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 1st quarter valued at $236,000. Franklin Resources Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $226,000. Russell Investments Group Ltd. increased its holdings in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth $1,479,000. Finally, CW Advisors LLC raised its position in shares of Capital Group Dividend Value ETF by 16.1% in the 2nd quarter. CW Advisors LLC now owns 439,158 shares of the company’s stock worth $17,342,000 after buying an additional 60,918 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.2%

Shares of Capital Group Dividend Value ETF stock opened at $42.69 on Friday. The business’s fifty day moving average price is $44.42 and its 200 day moving average price is $43.53. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01. The stock has a market capitalization of $27.26 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.