Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 52-Week High – Here’s What Happened

Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) reached a new 52-week high on Thursday . The stock traded as high as $46.26 and last traded at $46.26, with a volume of 889244 shares traded. The stock had previously closed at $45.84.

Capital Group Dividend Value ETF Stock Performance

The firm’s 50-day moving average is $44.37 and its two-hundred day moving average is $43.81. The stock has a market cap of $32.11 billion, a P/E ratio of 26.59 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its holdings 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 acquiring an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC grew its holdings in Capital Group Dividend Value ETF by 448.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after acquiring an additional 2,878,723 shares during the period. Raymond James Financial Inc. grew its holdings in Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after acquiring an additional 2,772,053 shares during the period. Wells Fargo & Company MN grew its holdings in Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after acquiring an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE grew its holdings in Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares during the period.

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.