Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 52-Week High – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price reached a new 52-week high on Monday . The stock traded as high as $44.69 and last traded at $44.6550, with a volume of 2988707 shares changing hands. The stock had previously closed at $44.43.

Capital Group Dividend Value ETF Stock Up 0.4%

The company has a market capitalization of $28.04 billion, a PE ratio of 26.59 and a beta of 0.89. The firm’s 50-day moving average is $43.71 and its 200-day moving average is $42.40.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1928 per share. The ex-dividend date was Friday, December 26th. This is an increase 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 yield of 1.7%.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Large investors have recently added to or reduced their stakes in the business. Pflug Koory LLC bought a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. Washington Trust Advisors Inc. bought a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $29,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF in the 3rd quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $35,000.

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.