Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 12-Month High – Should You Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high during trading on Thursday . The stock traded as high as $51.49 and last traded at $51.49, with a volume of 308104 shares trading hands. The stock had previously closed at $51.25.

Capital Group Dividend Value ETF Stock Performance

The stock has a 50 day moving average of $49.18 and a two-hundred day moving average of $46.74. The stock has a market cap of $38.99 billion, a PE ratio of 26.59 and a beta of 0.88.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

A number of large investors have recently made changes to their positions in CGDV. Richards Merrill & Peterson Inc. boosted its position in Capital Group Dividend Value ETF by 72.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after purchasing an additional 24,945 shares during the period. Merit Financial Group LLC raised its position in shares of Capital Group Dividend Value ETF by 3.8% in the fourth quarter. Merit Financial Group LLC now owns 1,754,850 shares of the company’s stock valued at $76,582,000 after purchasing an additional 64,689 shares during the period. MSH Capital Advisors LLC raised its position in shares of Capital Group Dividend Value ETF by 66.1% in the fourth quarter. MSH Capital Advisors LLC now owns 35,900 shares of the company’s stock valued at $1,567,000 after purchasing an additional 14,293 shares during the period. Summit Investment Advisory Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 3.5% in the fourth quarter. Summit Investment Advisory Services LLC now owns 1,005,641 shares of the company’s stock worth $43,886,000 after buying an additional 34,309 shares during the last quarter. Finally, UBS Group AG grew its stake in Capital Group Dividend Value ETF by 11.5% in the 4th quarter. UBS Group AG now owns 9,227,491 shares of the company’s stock valued at $402,688,000 after buying an additional 953,559 shares during the last quarter.

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.