Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 12-Month High – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.22 and last traded at $38.17, with a volume of 1077114 shares trading hands. The stock had previously closed at $38.09.

Capital Group Dividend Value ETF Price Performance

The business’s 50 day moving average price is $35.36 and its 200 day moving average price is $35.96. The stock has a market capitalization of $17.29 billion, a P/E ratio of 26.38 and a beta of 0.90.

Capital Group Dividend Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 31st were issued a dividend of $0.1067 per share. The ex-dividend date was Monday, March 31st.

Institutional Trading of Capital Group Dividend Value ETF

Hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 34.0% during the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after purchasing an additional 7,468,408 shares during the period. Capital International Investors raised its position in Capital Group Dividend Value ETF by 1.1% during the fourth quarter. Capital International Investors now owns 23,536,765 shares of the company’s stock valued at $829,906,000 after acquiring an additional 253,414 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group Dividend Value ETF by 1.8% in the first quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock valued at $618,484,000 after acquiring an additional 301,908 shares during the period. Envestnet Asset Management Inc. boosted its position in Capital Group Dividend Value ETF by 36.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after purchasing an additional 4,071,484 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after purchasing an additional 2,220,112 shares during the period.

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.