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

Capital Group Dividend Value ETF (NYSEARCA:CGDV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.44 and last traded at $49.34, with a volume of 525167 shares changing hands. The stock had previously closed at $49.09.

Capital Group Dividend Value ETF Price Performance

The company has a market capitalization of $36.43 billion, a PE ratio of 26.59 and a beta of 0.88. The firm’s fifty day simple moving average is $48.01 and its 200 day simple moving average is $45.63.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Several institutional investors and hedge funds have recently modified their holdings of CGDV. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $25,000. Flagship Wealth Advisors LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Finally, Triumph Capital Management acquired a new position in Capital Group Dividend Value ETF in the third quarter valued at approximately $32,000.

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.