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

Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDVGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.94 and last traded at $31.03, with a volume of 606624 shares. The stock had previously closed at $32.33.

Capital Group Dividend Value ETF Price Performance

The company has a market capitalization of $14.00 billion, a PE ratio of 24.24 and a beta of 0.89. The stock has a 50-day simple moving average of $36.11 and a 200 day simple moving average of $36.21.

Capital Group Dividend Value ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were paid a $0.1067 dividend. The ex-dividend date was Monday, March 31st.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $47,000. PNC Financial Services Group Inc. acquired a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at $55,000. Blue Trust Inc. increased its position in Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after buying an additional 400 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth $87,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $129,000.

About Capital Group Dividend Value ETF

(Get Free Report)

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.

Further Reading

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