Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 52-Week High – What’s Next?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.70 and last traded at $38.71, with a volume of 274451 shares trading hands. The stock had previously closed at $38.35.

Capital Group Dividend Value ETF Stock Performance

The company has a 50 day moving average of $35.86 and a 200 day moving average of $36.01. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 26.38 and a beta of 0.90.

Capital Group Dividend Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were paid a dividend of $0.1067 per share. The ex-dividend date of this dividend was Monday, March 31st.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CGDV. Hughes Financial Services LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth about $28,000. Capital Analysts LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter worth approximately $30,000. Golden State Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF in the first quarter valued at approximately $32,000. Fifth Third Bancorp purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter valued at about $37,000. Finally, ORG Partners LLC increased its position in Capital Group Dividend Value ETF by 100.4% in the 1st quarter. ORG Partners LLC now owns 1,102 shares of the company’s stock valued at $39,000 after acquiring an additional 552 shares during the period.

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.