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 hit a new 52-week high on Tuesday . The stock traded as high as $45.15 and last traded at $44.9710, with a volume of 260339 shares. The stock had previously closed at $44.94.

Capital Group Dividend Value ETF Stock Performance

The stock’s 50-day moving average is $44.01 and its 200 day moving average is $42.57. The stock has a market capitalization of $28.57 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th.

Institutional Trading of Capital Group Dividend Value ETF

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter worth approximately $210,000. SFG Wealth Management LLC. acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $790,000. Dean Jacobson Financial Services LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $8,037,000. Plan Group Financial LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth approximately $379,000. Finally, RFG Advisory LLC increased its holdings in shares of Capital Group Dividend Value ETF by 213.2% in the 4th quarter. RFG Advisory LLC now owns 430,492 shares of the company’s stock valued at $18,787,000 after acquiring an additional 293,029 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.