Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 12-Month High – Should You Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.44 and last traded at $49.34, with a volume of 525167 shares trading hands. The stock had previously closed at $49.09.

Capital Group Dividend Value ETF Stock Performance

The stock has a market cap of $36.41 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business has a 50-day simple moving average of $47.88 and a two-hundred day simple moving average of $45.57.

Institutional Trading of Capital Group Dividend Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Berger Financial Group Inc raised its stake in shares of Capital Group Dividend Value ETF by 3.1% during the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after purchasing an additional 224 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in Capital Group Dividend Value ETF by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after acquiring an additional 238 shares during the last quarter. Cim LLC increased its stake in shares of Capital Group Dividend Value ETF by 2.3% during the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after purchasing an additional 250 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after purchasing an additional 263 shares during the period. Finally, OneAscent Financial Services LLC lifted its stake in Capital Group Dividend Value ETF by 0.7% in the 4th quarter. OneAscent Financial Services LLC now owns 43,691 shares of the company’s stock valued at $1,907,000 after purchasing an additional 294 shares during the last quarter.

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.