Capital Group Dividend Value ETF (NYSEARCA:CGDV) Hits New 12-Month High at $33.59

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.59 and last traded at $33.58, with a volume of 813381 shares trading hands. The stock had previously closed at $33.35.

Capital Group Dividend Value ETF Stock Up 0.7 %

The stock has a 50 day moving average price of $32.98 and a 200 day moving average price of $31.68. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of CGDV. J.W. Cole Advisors Inc. grew its holdings in Capital Group Dividend Value ETF by 4.6% during the first quarter. J.W. Cole Advisors Inc. now owns 8,403 shares of the company’s stock worth $273,000 after buying an additional 367 shares in the last quarter. Lantz Financial LLC boosted its position in shares of Capital Group Dividend Value ETF by 0.9% in the first quarter. Lantz Financial LLC now owns 39,823 shares of the company’s stock valued at $1,294,000 after acquiring an additional 373 shares during the period. International Assets Investment Management LLC boosted its position in shares of Capital Group Dividend Value ETF by 4.4% in the first quarter. International Assets Investment Management LLC now owns 9,423 shares of the company’s stock valued at $306,000 after acquiring an additional 400 shares during the period. Lincoln Capital LLC raised its stake in Capital Group Dividend Value ETF by 2.6% in the fourth quarter. Lincoln Capital LLC now owns 16,420 shares of the company’s stock valued at $490,000 after purchasing an additional 418 shares in the last quarter. Finally, Saxony Capital Management LLC raised its stake in Capital Group Dividend Value ETF by 6.2% in the first quarter. Saxony Capital Management LLC now owns 7,316 shares of the company’s stock valued at $238,000 after purchasing an additional 426 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.