Capital Group Dividend Value ETF (NYSEARCA:CGDV) Reaches New 52-Week High at $33.59

Capital Group Dividend Value ETF (NYSEARCA:CGDV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.59 and last traded at $33.58, with a volume of 813381 shares changing hands. The stock had previously closed at $33.35.

Capital Group Dividend Value ETF Price Performance

The firm’s 50-day simple moving average is $33.06 and its two-hundred day simple moving average is $31.71. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

Institutional Trading of Capital Group Dividend Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tennessee Valley Asset Management Partners bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $26,000. Glassman Wealth Services acquired a new position in Capital Group Dividend Value ETF in the 1st quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $33,000. Signaturefd LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $37,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at $42,000.

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.