Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 52-Week High – Here’s Why

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $46.32 and last traded at $46.30, with a volume of 1970310 shares traded. The stock had previously closed at $45.95.

Capital Group Dividend Value ETF Stock Performance

The stock’s fifty day moving average price is $44.43 and its 200-day moving average price is $43.95. The firm has a market cap of $32.70 billion, a PE ratio of 26.59 and a beta of 0.90.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its stake in shares of Capital Group Dividend Value ETF by 14.9% during the 1st quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after purchasing an additional 760,675 shares during the last quarter. Beam Wealth Advisors Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 20.0% during the 1st quarter. Beam Wealth Advisors Inc. now owns 18,062 shares of the company’s stock worth $770,000 after purchasing an additional 3,005 shares during the last quarter. CFS Investment Advisory Services LLC boosted its stake in shares of Capital Group Dividend Value ETF by 4.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 247,549 shares of the company’s stock worth $11,382,000 after purchasing an additional 10,743 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in shares of Capital Group Dividend Value ETF by 68.0% during the 1st quarter. Greenwood Capital Associates LLC now owns 102,609 shares of the company’s stock worth $4,365,000 after purchasing an additional 41,519 shares during the last quarter. Finally, Cvfg LLC boosted its stake in shares of Capital Group Dividend Value ETF by 18.1% during the 1st quarter. Cvfg LLC now owns 12,665 shares of the company’s stock worth $539,000 after purchasing an additional 1,944 shares during the last quarter.

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.