Capital Group Dividend Value ETF Sees $201.8 Million Inflow
Capital Group Dividend Value ETF (Symbol: CGDV) experienced a significant inflow of approximately $201.8 million, marking a week-over-week increase of 1.2% in outstanding units. The total outstanding units rose from 442,100,000 to 447,500,000.
Within CGDV’s largest underlying components, Carrier Global Corp (Symbol: CARR) and Eli Lilly (Symbol: LLY) are trading flat, while GE HealthCare Technologies Inc (Symbol: GEHC) is down by about 0.1%. For a full 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 share price reached a 52-week low of $30.94 and a high of $37.49, with the latest trade also at $37.49. Analyzing the current share price against the 200-day moving average can provide valuable insights for technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” rather than shares. These units can be created or destroyed based on investor demand. Each week, we monitor changes in outstanding shares to identify ETFs with notable inflows or outflows, which can impact the underlying holdings.
Click here to find out which 9 other ETFs had notable inflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.