Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 1-Year High – Time to Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) reached a new 52-week high during trading on Wednesday . The company traded as high as $47.20 and last traded at $47.15, with a volume of 202567 shares trading hands. The stock had previously closed at $46.66.

Capital Group Dividend Value ETF Price Performance

The firm has a market capitalization of $34.08 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day moving average is $44.53 and its 200-day moving average is $44.11.

Institutional Trading of Capital Group Dividend Value ETF

Institutional investors have recently modified their holdings of the company. Berger Financial Group Inc lifted its position in Capital Group Dividend Value ETF by 3.1% during the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after buying an additional 224 shares in the last quarter. Lincoln Capital LLC lifted its position in Capital Group Dividend Value ETF by 1.4% during the 3rd quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after acquiring an additional 235 shares in the last quarter. Clark Capital Management Group Inc. boosted its holdings in Capital Group Dividend Value ETF by 2.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock worth $420,000 after acquiring an additional 238 shares during the period. Cim LLC grew its position in Capital Group Dividend Value ETF by 2.3% in the third quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after acquiring an additional 250 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in Capital Group Dividend Value ETF by 2.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock valued at $550,000 after acquiring an additional 252 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.