Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 12-Month High – Time to Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $47.56 and last traded at $47.45, with a volume of 3255450 shares trading hands. The stock had previously closed at $47.25.

Capital Group Dividend Value ETF Trading Up 0.4%

The firm has a market capitalization of $34.22 billion, a P/E ratio of 26.59 and a beta of 0.89. The business’s 50 day simple moving average is $44.60 and its two-hundred day simple moving average is $44.18.

Institutional Trading of Capital Group Dividend Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its stake in Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after purchasing an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. increased its stake in Capital Group Dividend Value ETF by 6.6% during the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after purchasing an additional 1,465,566 shares in the last quarter. Capital International Investors increased its stake in Capital Group Dividend Value ETF by 1.8% during the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after purchasing an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Dividend Value ETF by 12.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after purchasing an additional 2,061,385 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Value ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after purchasing an additional 668,214 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.