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

Capital Group Dividend Value ETF (NYSEARCA:CGDVGet Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $45.56 and last traded at $45.51, with a volume of 703921 shares trading hands. The stock had previously closed at $45.47.

Capital Group Dividend Value ETF Stock Performance

The stock’s 50 day simple moving average is $44.11 and its 200 day simple moving average is $42.69. The firm has a market capitalization of $29.19 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed 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. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. 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.

Institutional Trading of Capital Group Dividend Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CGDV. Pflug Koory LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $25,000. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $29,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF in the third quarter valued at about $32,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $32,000.

About Capital Group Dividend Value ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Capital Group Dividend Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Dividend Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.