Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 12-Month High at $35.89

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.89 and last traded at $35.81, with a volume of 126249 shares changing hands. The stock had previously closed at $35.76.

Capital Group Dividend Value ETF Price Performance

The stock has a fifty day moving average price of $34.61 and a 200-day moving average price of $33.23. The company has a market cap of $8.18 billion, a PE ratio of 22.38 and a beta of 0.92.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. LPL Financial LLC grew its stake in Capital Group Dividend Value ETF by 15.6% during the 2nd quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock valued at $420,880,000 after acquiring an additional 1,722,366 shares in the last quarter. Advance Capital Management Inc. purchased a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $300,292,000. Raymond James Financial Services Advisors Inc. increased its stake in Capital Group Dividend Value ETF by 6.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock valued at $297,031,000 after buying an additional 519,112 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Dividend Value ETF by 7.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock worth $292,541,000 after buying an additional 630,942 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 15.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after buying an additional 1,042,548 shares during the period.

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.