Capital Group Dividend Value ETF Sees Significant Inflows This Week

This week, ETF Channel reports a notable change in shares outstanding for the Capital Group Dividend Value ETF (Symbol: CGDV). The fund experienced approximately $434.7 million in inflows, resulting in a 3.1% week-over-week increase in outstanding units, rising from 403,500,000 to 416,100,000.

Among CGDV’s largest underlying assets, RTX Corp (Symbol: RTX) decreased by about 0.5%, American International Group Inc (Symbol: AIG) fell 0.2%, and Carrier Global Corp (Symbol: CARR) dropped approximately 2.9%. For a comprehensive list of holdings, visit the CGDV Holdings page.

The chart below illustrates CGDV’s one-year price performance compared to its 200-day moving average:

CGDV’s shares traded at a low of $30.94 and a high of $37.37 over the last year. Currently, the ETF’s share price stands at $33.76. Analyzing the latest share price in relation to the 200-day moving average can provide additional insights for investors. Learn more about the 200-day moving average.

Exchange-traded funds (ETFs) operate similarly to stocks. Instead of “shares,” investors are involved in buying and selling “units.” These units can be traded back and forth like stocks but can also be created or destroyed in response to investor demand. Each week, we track changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (old units eliminated). Creating new units necessitates purchasing the underlying assets, while destroying units involves selling them, which can affect the ETF’s individual components.

Click here to discover which nine other ETFs experienced notable inflows.

See also:

• Auto Manufacturers Dividend Stocks
• INFA shares outstanding history
• Institutional Holders of PWC

The views and opinions expressed herein are those of the author and do not necessarily represent those of Nasdaq, Inc.