Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 12-Month High – Still a Buy?

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

Capital Group Dividend Value ETF Stock Performance

The stock has a market cap of $34.99 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a 50-day simple moving average of $45.59 and a two-hundred day simple moving average of $44.68.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 6.6% during the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after buying an additional 1,465,566 shares during the last quarter. Capital International Investors grew its holdings in shares of Capital Group Dividend Value ETF by 1.8% in the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after acquiring an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after acquiring an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the last quarter.

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.