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

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high on Thursday . The company traded as high as $48.49 and last traded at $48.48, with a volume of 1294984 shares changing hands. The stock had previously closed at $48.25.

Capital Group Dividend Value ETF Price Performance

The stock’s 50-day moving average price is $45.39 and its 200 day moving average price is $44.61. The firm has a market cap of $34.94 billion, a P/E ratio of 26.59 and a beta of 0.89.

Institutional Trading of Capital Group Dividend Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Security Financial Services INC. raised its position in Capital Group Dividend Value ETF by 13.1% during the first quarter. Security Financial Services INC. now owns 19,983 shares of the company’s stock worth $850,000 after acquiring an additional 2,315 shares in the last quarter. WNY Asset Management LLC bought a new stake in Capital Group Dividend Value ETF during the first quarter worth $67,648,000. J. Derek Lewis & Associates Inc. raised its position in Capital Group Dividend Value ETF by 4.9% during the first quarter. J. Derek Lewis & Associates Inc. now owns 754,921 shares of the company’s stock worth $32,116,000 after acquiring an additional 35,551 shares in the last quarter. January Capital Advisors LLC bought a new stake in Capital Group Dividend Value ETF during the first quarter worth $787,000. Finally, Leigh Baldwin & CO. LLC raised its position in Capital Group Dividend Value ETF by 8.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 107,578 shares of the company’s stock worth $4,576,000 after acquiring an additional 8,555 shares in 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.