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

Capital Group Dividend Value ETF (NYSEARCA:CGDV)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $42.02 and last traded at $41.94, with a volume of 4945176 shares trading hands. The stock had previously closed at $41.40.

Capital Group Dividend Value ETF Stock Down 0.5%

The firm has a market capitalization of $20.58 billion, a PE ratio of 26.59 and a beta of 0.91. The business’s fifty day moving average price is $40.98 and its 200 day moving average price is $37.92.

Capital Group Dividend Value ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 30th were issued a dividend of $0.1295 per share. This represents a $0.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 30th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $870,000. Royal Bank of Canada grew its position in Capital Group Dividend Value ETF by 28.6% during the fourth quarter. Royal Bank of Canada now owns 3,480,456 shares of the company’s stock worth $122,721,000 after buying an additional 774,699 shares during the period. Snowden Capital Advisors LLC grew its position in Capital Group Dividend Value ETF by 51.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 11,866 shares of the company’s stock worth $418,000 after buying an additional 4,054 shares during the period. Waverly Advisors LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $286,000. Finally, Continuum Advisory LLC grew its position in Capital Group Dividend Value ETF by 2.0% during the fourth quarter. Continuum Advisory LLC now owns 900,169 shares of the company’s stock worth $31,740,000 after buying an additional 17,943 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.