Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 52-Week High – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high on Thursday . The company traded as high as $51.49 and last traded at $51.09, with a volume of 4362460 shares trading hands. The stock had previously closed at $51.08.

Capital Group Dividend Value ETF Stock Performance

The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The company has a 50 day moving average of $48.93 and a 200-day moving average of $46.50.

Institutional Trading of Capital Group Dividend Value ETF

Hedge funds have recently modified their holdings of the stock. True Blue Financial LLC raised its position in Capital Group Dividend Value ETF by 4.8% in the 2nd quarter. True Blue Financial LLC now owns 98,977 shares of the company’s stock valued at $4,878,000 after purchasing an additional 4,496 shares in the last quarter. Bouvel Investment Partners LLC lifted its position in shares of Capital Group Dividend Value ETF by 6.6% during the 2nd quarter. Bouvel Investment Partners LLC now owns 292,611 shares of the company’s stock worth $14,420,000 after buying an additional 18,109 shares during the last quarter. Altus Wealth Group LLC boosted its stake in Capital Group Dividend Value ETF by 17.2% in the second quarter. Altus Wealth Group LLC now owns 75,132 shares of the company’s stock valued at $3,703,000 after acquiring an additional 11,020 shares in the last quarter. CJM Wealth Advisers Ltd. boosted its position in shares of Capital Group Dividend Value ETF by 14.2% in the 2nd quarter. CJM Wealth Advisers Ltd. now owns 498,563 shares of the company’s stock valued at $24,569,000 after purchasing an additional 61,812 shares during the period. Finally, Cypress Capital LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 60.3% in the second quarter. Cypress Capital LLC now owns 8,410 shares of the company’s stock valued at $414,000 after acquiring an additional 3,165 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.