Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Break Above Two Hundred Day Moving Average – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $47.56 and traded as high as $48.69. Capital Group Dividend Value ETF shares last traded at $48.51, with a volume of 3,239,843 shares trading hands.

Capital Group Dividend Value ETF Stock Performance

The stock has a market cap of $39.16 billion, a PE ratio of 23.29 and a beta of 0.89. The company has a 50 day moving average of $49.15 and a two-hundred day moving average of $47.61.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1522 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the period. WNY Asset Management LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter worth $67,648,000. Royal Bank of Canada raised its position in Capital Group Dividend Value ETF by 19.6% during the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after acquiring an additional 1,223,486 shares during the period. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares during the period. Finally, First Pacific Financial grew its position in shares of Capital Group Dividend Value ETF by 526.1% in the third quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock valued at $52,161,000 after purchasing an additional 897,226 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.