Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sets New 52-Week High – Here’s What Happened

Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high on Thursday . The stock traded as high as $37.17 and last traded at $37.12, with a volume of 339284 shares. The stock had previously closed at $36.90.

Capital Group Dividend Value ETF Stock Up 0.5 %

The business has a 50 day simple moving average of $36.08 and a two-hundred day simple moving average of $35.83. The firm has a market cap of $8.45 billion, a PE ratio of 22.38 and a beta of 0.92.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGDV. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 26.8% in the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after acquiring an additional 3,415,106 shares in the last quarter. Advance Capital Management Inc. increased its position in shares of Capital Group Dividend Value ETF by 0.4% in the 4th quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock valued at $381,745,000 after acquiring an additional 40,491 shares during the period. Commonwealth Equity Services LLC raised its stake in Capital Group Dividend Value ETF by 18.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after acquiring an additional 1,121,465 shares during the last quarter. Raymond James & Associates lifted its position in Capital Group Dividend Value ETF by 19.9% during the 3rd quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after acquiring an additional 1,104,402 shares during the period. Finally, Confluence Wealth Services Inc. grew its stake in Capital Group Dividend Value ETF by 9.0% during the 4th quarter. Confluence Wealth Services Inc. now owns 4,708,770 shares of the company’s stock valued at $172,341,000 after purchasing an additional 388,981 shares during 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.