Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 12-Month High – Time to Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price reached a new 52-week high on Wednesday . The company traded as high as $43.58 and last traded at $43.5060, with a volume of 249046 shares trading hands. The stock had previously closed at $43.32.

Capital Group Dividend Value ETF Price Performance

The business’s 50-day moving average is $42.40 and its two-hundred day moving average is $40.65. The firm has a market cap of $24.60 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a $0.1359 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CGDV. Per Stirling Capital Management LLC. raised its stake in Capital Group Dividend Value ETF by 1.1% in the first quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock valued at $2,058,000 after buying an additional 644 shares during the period. Tempus Wealth Planning LLC increased its holdings in shares of Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Tempus Wealth Planning LLC now owns 253,873 shares of the company’s stock worth $10,025,000 after acquiring an additional 28,186 shares during the last quarter. Johnson Bixby & Associates LLC raised its stake in Capital Group Dividend Value ETF by 2.4% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,968,586 shares of the company’s stock valued at $77,739,000 after acquiring an additional 46,774 shares during the period. Clear Point Advisors Inc. lifted its holdings in Capital Group Dividend Value ETF by 22.8% during the 2nd quarter. Clear Point Advisors Inc. now owns 53,608 shares of the company’s stock valued at $2,117,000 after purchasing an additional 9,965 shares during the last quarter. Finally, KWB Wealth lifted its holdings in Capital Group Dividend Value ETF by 58.2% during the 2nd quarter. KWB Wealth now owns 200,054 shares of the company’s stock valued at $7,900,000 after purchasing an additional 73,630 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.