Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 12-Month High – Here’s Why

Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high on Thursday . The stock traded as high as $51.49 and last traded at $51.09, with a volume of 4362460 shares trading hands. The stock had previously closed at $51.08.

Capital Group Dividend Value ETF Price Performance

The business’s 50 day moving average price is $48.93 and its 200-day moving average price is $46.50. The firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

A number of large investors have recently made changes to their positions in the stock. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Triumph Capital Management purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at approximately $32,000. Finally, TD Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth $34,000.

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.