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

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high on Monday . The stock traded as high as $49.26 and last traded at $49.23, with a volume of 262383 shares traded. The stock had previously closed at $48.55.

Capital Group Dividend Value ETF Trading Up 1.7%

The business’s 50 day simple moving average is $46.74 and its 200 day simple moving average is $45.09. The firm has a market capitalization of $35.62 billion, a PE ratio of 26.59 and a beta of 0.89.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Berger Financial Group Inc increased its position in Capital Group Dividend Value ETF by 3.1% during the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after acquiring an additional 224 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in Capital Group Dividend Value ETF by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after purchasing an additional 238 shares during the last quarter. Cim LLC raised its position in Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after purchasing an additional 250 shares during the period. Ameriprise Financial Inc. lifted its stake in Capital Group Dividend Value ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after purchasing an additional 263 shares during the last quarter. Finally, OneAscent Financial Services LLC boosted its position in shares of Capital Group Dividend Value ETF by 0.7% during the fourth quarter. OneAscent Financial Services LLC now owns 43,691 shares of the company’s stock valued at $1,907,000 after buying an additional 294 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.