Capital Group Dividend Value ETF Sees Significant Week-Over-Week Gains
In recent trading, the Capital Group Dividend Value ETF (Symbol: CGDV) has experienced a notable increase. Week over week, the ETF saw an approximate $369.3 million inflow, marking a 3.1% rise in outstanding units from 335,200,000 to 345,700,000. Key stocks driving this performance included Carrier Global Corp (Symbol: CARR), which rose by about 1.2%, American International Group Inc (Symbol: AIG), up 1.6%, and Capital One Financial Corp (Symbol: COF), higher by roughly 1.1%. For a complete list of holdings, please visit the CGDV Holdings page »
The chart below illustrates the one-year price performance of CGDV in relation to its 200-day moving average:
Analyzing the chart reveals that CGDV’s 52-week low stands at $29.2285 per share, while the 52-week high reached $37.165. The last recorded trade price was $35.29. Comparing the current share price to the 200-day moving average is a valuable technique for technical analysis—learn more about the 200-day moving average »
It’s important to note that exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” rather than “shares.” These units can be bought and sold like stocks, and they can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (indicating the creation of new units) or outflows (indicating the destruction of old units). The creation of new units necessitates the purchase of the ETF’s underlying holdings, while the destruction involves selling those components. As a result, significant flows can impact the individual stocks within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Additional Information:
- Stocks Insiders And Hedge Funds Are Buying
- CLNN Stock Predictions
- TMO Split History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
