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

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.26 and last traded at $46.26, with a volume of 889244 shares changing hands. The stock had previously closed at $45.84.

Capital Group Dividend Value ETF Price Performance

The business’s 50 day moving average price is $44.37 and its 200-day moving average price is $43.81. The company 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

A number of institutional investors have recently modified their holdings of CGDV. LPL Financial LLC raised its position in Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. raised its position in Capital Group Dividend Value ETF by 6.6% in the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares during the last quarter. Capital International Investors raised its position in Capital Group Dividend Value ETF by 1.8% in the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after purchasing an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Capital Group Dividend Value ETF by 12.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after purchasing an additional 2,061,385 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Capital Group Dividend Value ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after purchasing an additional 668,214 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.