Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 1-Year High at $32.80

Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) reached a new 52-week high on Thursday . The company traded as high as $32.80 and last traded at $32.80, with a volume of 1067 shares. The stock had previously closed at $31.88.

Capital Group Dividend Value ETF Stock Performance

The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 21.74 and a beta of 0.91. The business has a fifty day moving average of $31.63 and a two-hundred day moving average of $29.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Capital Group Dividend Value ETF by 16.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,481,835 shares of the company’s stock valued at $275,660,000 after buying an additional 1,198,696 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Capital Group Dividend Value ETF by 20.6% during the 3rd quarter. LPL Financial LLC now owns 6,795,375 shares of the company’s stock worth $179,874,000 after purchasing an additional 1,161,371 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 15.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,331,512 shares of the company’s stock worth $188,932,000 after purchasing an additional 824,110 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Capital Group Dividend Value ETF by 13.2% during the 1st quarter. Raymond James & Associates now owns 4,670,048 shares of the company’s stock worth $151,777,000 after purchasing an additional 545,619 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Capital Group Dividend Value ETF by 117.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock worth $122,293,000 after buying an additional 2,211,266 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.