Capital Group Dividend Value ETF (NYSEARCA:CGDV) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $49.41 and traded as low as $48.52. Capital Group Dividend Value ETF shares last traded at $48.81, with a volume of 3,363,044 shares trading hands.

Capital Group Dividend Value ETF Trading Down 1.5%

The company has a market cap of $38.88 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business has a fifty day moving average of $49.41 and a two-hundred day moving average of $47.44.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CGDV. Cetera Investment Advisers raised its stake in shares of Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the period. WNY Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 1st quarter worth approximately $67,648,000. Royal Bank of Canada lifted its holdings in shares of Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after acquiring an additional 1,223,486 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the period. Finally, First Pacific Financial boosted its position in shares of Capital Group Dividend Value ETF by 526.1% during the 3rd quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock worth $52,161,000 after purchasing an additional 897,226 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.