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

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

Capital Group Dividend Value ETF Stock Performance

The company’s 50-day moving average price is $44.47 and its 200 day moving average price is $44.03. The stock has a market cap of $34.19 billion, a PE ratio of 26.59 and a beta of 0.89.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CGDV. Pflug Koory LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $25,000. Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th 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.