Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 1-Year High – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $49.49 and last traded at $49.38, with a volume of 1566351 shares trading hands. The stock had previously closed at $49.14.

Capital Group Dividend Value ETF Stock Up 0.6%

The company’s fifty day simple moving average is $48.24 and its two-hundred day simple moving average is $45.81. The company has a market capitalization of $36.64 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Institutional Trading of Capital Group Dividend Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. KWB Wealth grew its stake in shares of Capital Group Dividend Value ETF by 16.1% during the 2nd quarter. KWB Wealth now owns 579,994 shares of the company’s stock worth $28,582,000 after acquiring an additional 80,395 shares in the last quarter. Scott Capital Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 13.3% during the 2nd quarter. Scott Capital Advisors LLC now owns 150,979 shares of the company’s stock valued at $7,440,000 after purchasing an additional 17,692 shares during the last quarter. Affiance Financial LLC lifted its position in Capital Group Dividend Value ETF by 4.5% during the second quarter. Affiance Financial LLC now owns 148,746 shares of the company’s stock worth $7,330,000 after acquiring an additional 6,434 shares during the last quarter. A&I Financial Services LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 38.8% during the second quarter. A&I Financial Services LLC now owns 107,639 shares of the company’s stock worth $5,304,000 after buying an additional 30,093 shares in the last quarter. Finally, KMG Fiduciary Partners LLC grew its position in shares of Capital Group Dividend Value ETF by 0.7% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 65,683 shares of the company’s stock worth $3,237,000 after purchasing an additional 439 shares in 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.