Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 52-Week High – Still a Buy?

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high on Wednesday . The company traded as high as $38.00 and last traded at $38.00, with a volume of 138 shares traded. The stock had previously closed at $36.77.

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 $34.05. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

Institutional Trading of Capital Group Dividend Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its stake in shares of Capital Group Dividend Value ETF by 1.1% during the 3rd quarter. Bogart Wealth LLC now owns 1,237,328 shares of the company’s stock worth $45,088,000 after purchasing an additional 13,434 shares during the period. International Assets Investment Management LLC lifted its position in Capital Group Dividend Value ETF by 5,953.4% during the third quarter. International Assets Investment Management LLC now owns 649,106 shares of the company’s stock worth $236,530,000 after buying an additional 638,383 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in Capital Group Dividend Value ETF by 1.8% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 169,031 shares of the company’s stock worth $6,159,000 after buying an additional 3,043 shares during the last quarter. Private Advisor Group LLC grew its holdings in Capital Group Dividend Value ETF by 14.9% in the 3rd quarter. Private Advisor Group LLC now owns 1,059,286 shares of the company’s stock valued at $38,600,000 after buying an additional 137,554 shares during the period. Finally, Tempus Wealth Planning LLC increased its stake in shares of Capital Group Dividend Value ETF by 18.2% during the 3rd quarter. Tempus Wealth Planning LLC now owns 54,467 shares of the company’s stock valued at $1,985,000 after acquiring an additional 8,368 shares during the last quarter.

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.