Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 12-Month High – Here’s Why

Capital Group Dividend Growers ETF (NYSEARCA:CGDGGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $38.27 and last traded at $38.27, with a volume of 78957 shares. The stock had previously closed at $38.02.

Capital Group Dividend Growers ETF Price Performance

The business’s 50-day moving average price is $37.56 and its two-hundred day moving average price is $37.04. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49.

Institutional Trading of Capital Group Dividend Growers ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Capital Group Dividend Growers ETF in the 4th quarter valued at $25,000. CoreCap Advisors LLC grew its position in Capital Group Dividend Growers ETF by 1,458.3% during the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock worth $28,000 after acquiring an additional 700 shares during the last quarter. Ancora Advisors LLC acquired a new position in Capital Group Dividend Growers ETF in the 3rd quarter worth about $48,000. Pinnacle Bancorp Inc. acquired a new position in Capital Group Dividend Growers ETF in the 1st quarter worth about $50,000. Finally, CX Institutional raised its position in Capital Group Dividend Growers ETF by 121.3% in the second quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after purchasing an additional 952 shares during the last quarter.

Capital Group Dividend Growers ETF Company Profile

(Get Free Report)

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.

Further Reading

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