Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 1-Year High – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.28 and last traded at $37.24, with a volume of 2548518 shares changing hands. The stock had previously closed at $37.13.

Capital Group Dividend Value ETF Stock Performance

The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The business has a 50-day moving average of $36.09 and a 200-day moving average of $35.93.

Institutional Trading of Capital Group Dividend Value ETF

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 36.0% during the 4th quarter. LPL Financial LLC now owns 21,983,627 shares of the company’s stock worth $775,143,000 after acquiring an additional 5,814,581 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth approximately $601,244,000. Advance Capital Management Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 0.4% during the fourth quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock worth $381,745,000 after purchasing an additional 40,491 shares during the period. Commonwealth Equity Services LLC grew its position in Capital Group Dividend Value ETF by 14.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,065,081 shares of the company’s stock valued at $284,375,000 after buying an additional 1,008,536 shares during the last quarter. Finally, Raymond James & Associates grew its position in Capital Group Dividend Value ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after buying an additional 1,104,402 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.