Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 1-Year High – Here’s Why

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $37.17 and last traded at $37.12, with a volume of 339284 shares changing hands. The stock had previously closed at $36.90.

Capital Group Dividend Value ETF Stock Down 0.7 %

The firm has a 50-day moving average price of $36.08 and a two-hundred day moving average price of $35.86. The firm has a market cap of $8.41 billion, a PE ratio of 22.38 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Capital Group Dividend Value ETF by 27.8% in the 2nd quarter. Creative Planning now owns 20,653 shares of the company’s stock worth $682,000 after purchasing an additional 4,493 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Capital Group Dividend Value ETF by 36.7% in the third quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock valued at $126,000 after purchasing an additional 930 shares during the last quarter. Brookstone Capital Management purchased a new position in Capital Group Dividend Value ETF during the third quarter worth approximately $2,251,000. CWM LLC boosted its stake in Capital Group Dividend Value ETF by 24.0% during the third quarter. CWM LLC now owns 616,573 shares of the company’s stock worth $22,468,000 after buying an additional 119,533 shares during the last quarter. Finally, Fermata Advisors LLC purchased a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at $207,000.

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.