Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 1-Year High – Still a Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $49.61 and last traded at $49.34, with a volume of 384841 shares trading hands. The stock had previously closed at $49.23.

Capital Group Dividend Value ETF Stock Performance

The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business’s 50-day moving average is $48.74 and its two-hundred day moving average is $46.33.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

A number of hedge funds have recently modified their holdings of the business. Pflug Koory LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $25,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at $32,000. Finally, Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at about $32,000.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.