Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 12-Month High – Here’s What Happened

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $44.28 and last traded at $44.2350, with a volume of 681 shares changing hands. The stock had previously closed at $44.06.

Capital Group Dividend Value ETF Price Performance

The firm has a 50 day simple moving average of $43.30 and a 200-day simple moving average of $41.92. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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

Institutional Investors Weigh In On Capital Group Dividend Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CGDV. Trust Co. of Vermont acquired a new stake in Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter worth $29,000. Triumph Capital Management purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter worth $32,000. FNY Investment Advisers LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at $35,000. Finally, Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $47,000.

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.