Capital Group Dividend Value ETF (NYSEARCA:CGDV – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $51.49 and last traded at $51.49, with a volume of 308104 shares changing hands. The stock had previously closed at $51.25.
Capital Group Dividend Value ETF Trading Up 0.3%
The firm has a market capitalization of $38.99 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The company has a 50-day moving average of $49.18 and a 200-day moving average of $46.74.
Institutional Trading of Capital Group Dividend Value ETF
A number of institutional investors and hedge funds have recently modified their holdings of CGDV. AQR Capital Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at about $236,000. Franklin Resources Inc. bought a new position in Capital Group Dividend Value ETF in the second quarter worth about $226,000. Russell Investments Group Ltd. boosted its stake in Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after acquiring an additional 925 shares during the period. Brown Advisory Inc. boosted its stake in Capital Group Dividend Value ETF by 22.7% in the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after acquiring an additional 4,118 shares during the period. Finally, Sei Investments Co. boosted its stake in Capital Group Dividend Value ETF by 21.1% in the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after acquiring an additional 203,772 shares during the period.
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.
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