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

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $43.86 and last traded at $43.7940, with a volume of 1246457 shares traded. The stock had previously closed at $43.78.

Capital Group Dividend Value ETF Trading Down 1.0%

The company has a 50 day moving average of $42.81 and a 200 day moving average of $41.21. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1359 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CGDV. Raymond James Financial Inc. lifted its position in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares in the last quarter. Bank of America Corp DE boosted its position in Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Dividend Value ETF by 19.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after buying an additional 2,220,112 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Capital Group Dividend Value ETF by 39.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after buying an additional 2,208,093 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after acquiring an additional 1,730,269 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.