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

Capital Group Dividend Value ETF (NYSEARCA:CGDVGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $37.17 and last traded at $37.12, with a volume of 339284 shares trading hands. The stock had previously closed at $36.90.

Capital Group Dividend Value ETF Stock Down 0.7 %

The company has a market cap of $8.41 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The business’s fifty day simple moving average is $36.08 and its two-hundred day simple moving average is $35.86.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at $47,000. PNC Financial Services Group Inc. acquired a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $55,000. Blue Trust Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 33.3% in the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after buying an additional 400 shares during the last quarter. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $83,000. Finally, Mather Group LLC. grew its holdings in shares of Capital Group Dividend Value ETF by 36.7% during the third quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock worth $126,000 after buying an additional 930 shares during the last quarter.

Capital Group Dividend Value ETF Company Profile

(Get Free Report)

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.

Further Reading

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