Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 12-Month High – Time to Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high on Tuesday . The company traded as high as $45.15 and last traded at $44.9710, with a volume of 260339 shares trading hands. The stock had previously closed at $44.94.

Capital Group Dividend Value ETF Stock Down 0.2%

The business has a 50-day simple moving average of $44.01 and a 200-day simple moving average of $42.57. The company has a market cap of $28.57 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pflug Koory LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Washington Trust Advisors Inc. purchased a new stake in Capital Group Dividend Value ETF during the second quarter worth approximately $29,000. Triumph Capital Management purchased a new stake in Capital Group Dividend Value ETF during the third quarter worth approximately $32,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Finally, FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF in the second quarter valued at approximately $35,000.

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.