Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 1-Year High – Still a Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $37.28 and last traded at $37.24, with a volume of 2548518 shares traded. The stock had previously closed at $37.13.

Capital Group Dividend Value ETF Stock Performance

The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The business’s 50-day simple moving average is $36.11 and its 200-day simple moving average is $35.94.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Several large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $47,000. PNC Financial Services Group Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $55,000. Blue Trust Inc. increased its holdings in Capital Group Dividend Value ETF by 33.3% in the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after purchasing an additional 400 shares during the last quarter. Cassady Schiller Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the third quarter valued at about $83,000. Finally, Oakworth Capital Inc. bought a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $129,000.

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.