Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 1-Year High at $32.80

Capital Group Dividend Value ETF (NYSEARCA:CGDV) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.80 and last traded at $32.80, with a volume of 1067 shares traded. The stock had previously closed at $31.88.

Capital Group Dividend Value ETF Trading Up 0.5 %

The company has a market cap of $7.06 billion, a price-to-earnings ratio of 21.74 and a beta of 0.91. The business has a 50-day moving average price of $31.69 and a 200 day moving average price of $29.64.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in Capital Group Dividend Value ETF during the 4th quarter worth about $26,000. Transcendent Capital Group LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $33,000. Signaturefd LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $37,000. Raleigh Capital Management Inc. purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter worth approximately $61,000. Finally, Mather Group LLC. acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at $76,000.

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.