Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 1-Year High – Here’s Why

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high during trading on Monday . The stock traded as high as $49.26 and last traded at $49.23, with a volume of 262383 shares traded. The stock had previously closed at $48.55.

Capital Group Dividend Value ETF Trading Down 0.4%

The stock has a market cap of $35.35 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm’s fifty day moving average is $47.00 and its 200 day moving average is $45.17.

Institutional Trading of Capital Group Dividend Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew 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. grew 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 grew 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. grew 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, Cetera Investment Advisers grew its position in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.