Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 1-Year High – Here’s Why

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.44 and last traded at $49.34, with a volume of 525167 shares changing hands. The stock had previously closed at $49.09.

Capital Group Dividend Value ETF Trading Down 0.3%

The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm’s 50-day moving average is $47.88 and its 200 day moving average is $45.57.

Institutional Trading of Capital Group Dividend Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. MTM Financial Group LLC grew its position in shares of Capital Group Dividend Value ETF by 1.9% in the 1st quarter. MTM Financial Group LLC now owns 163,357 shares of the company’s stock valued at $6,949,000 after buying an additional 3,071 shares during the last quarter. Sapient Capital LLC lifted its stake in shares of Capital Group Dividend Value ETF by 6.1% in the first quarter. Sapient Capital LLC now owns 7,795 shares of the company’s stock worth $332,000 after acquiring an additional 450 shares during the period. Western Wealth Management LLC boosted its holdings in Capital Group Dividend Value ETF by 8.5% in the first quarter. Western Wealth Management LLC now owns 1,124,695 shares of the company’s stock valued at $47,845,000 after acquiring an additional 88,340 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Capital Group Dividend Value ETF by 5.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,425,035 shares of the company’s stock worth $60,621,000 after purchasing an additional 73,645 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Capital Group Dividend Value ETF by 12.2% in the 1st quarter. Cozad Asset Management Inc. now owns 268,733 shares of the company’s stock worth $11,432,000 after purchasing an additional 29,287 shares during the period.

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.