Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 1-Year High – Still a Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.49 and last traded at $48.48, with a volume of 1294984 shares changing hands. The stock had previously closed at $48.25.

Capital Group Dividend Value ETF Stock Up 0.4%

The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock’s fifty day moving average is $45.39 and its 200-day moving average is $44.61.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF in the third quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000.

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.