Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 1-Year High – Still a Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares reached a new 52-week high on Wednesday . The stock traded as high as $37.28 and last traded at $37.24, with a volume of 2548518 shares traded. The stock had previously closed at $37.13.

Capital Group Dividend Value ETF Price Performance

The company has a market capitalization of $8.51 billion, a P/E ratio of 22.38 and a beta of 0.92. The business’s 50-day moving average price is $36.11 and its two-hundred day moving average price is $35.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Wealth Management Group LLC lifted its stake in Capital Group Dividend Value ETF by 2.1% in the fourth quarter. National Wealth Management Group LLC now owns 16,354 shares of the company’s stock valued at $577,000 after buying an additional 329 shares in the last quarter. Professional Financial Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 1.2% during the fourth quarter. Professional Financial Advisors LLC now owns 32,882 shares of the company’s stock worth $1,159,000 after acquiring an additional 383 shares during the period. Blue Trust Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after acquiring an additional 400 shares during the period. Carnegie Lake Advisors LLC lifted its position in Capital Group Dividend Value ETF by 7.3% in the 4th quarter. Carnegie Lake Advisors LLC now owns 6,142 shares of the company’s stock valued at $217,000 after acquiring an additional 420 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Capital Group Dividend Value ETF by 0.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 80,610 shares of the company’s stock worth $2,937,000 after purchasing an additional 440 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.