Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 12-Month High – Here’s Why

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $49.26 and last traded at $49.23, with a volume of 262383 shares changing hands. The stock had previously closed at $48.55.

Capital Group Dividend Value ETF Price Performance

The firm has a market capitalization of $35.62 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm has a 50-day moving average price of $46.74 and a two-hundred day moving average price of $45.09.

Institutional Trading of Capital Group Dividend Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pflug Koory LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter worth $25,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF during the 3rd quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth approximately $32,000.

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.