Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 12-Month High – Here’s What Happened

Capital Group Dividend Value ETF (NYSEARCA:CGDV) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.28 and last traded at $44.2350, with a volume of 681 shares traded. The stock had previously closed at $44.06.

Capital Group Dividend Value ETF Trading Up 0.2%

The company has a market cap of $26.98 billion, a P/E ratio of 26.59 and a beta of 0.89. The company has a 50 day moving average price of $43.34 and a 200-day moving average price of $41.98.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Several large investors have recently modified their holdings of the business. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth $29,000. Washington Trust Advisors Inc. acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter worth about $29,000. Triumph Capital Management acquired a new position in Capital Group Dividend Value ETF during the 3rd quarter worth about $32,000. FNY Investment Advisers LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at about $35,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Capital Group Dividend Value ETF by 38,200.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after acquiring an additional 1,146 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.