Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 1-Year High – What’s Next?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $38.54 and last traded at $38.52, with a volume of 242250 shares trading hands. The stock had previously closed at $38.31.

Capital Group Dividend Growers ETF Stock Up 0.0%

The firm has a market cap of $5.58 billion, a P/E ratio of 20.18 and a beta of 0.49. The business’s 50 day moving average is $37.74 and its two-hundred day moving average is $37.16.

Institutional Trading of Capital Group Dividend Growers ETF

Several hedge funds have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Capital Group Dividend Growers ETF in the fourth quarter valued at $25,000. CoreCap Advisors LLC raised its stake in shares of Capital Group Dividend Growers ETF by 1,458.3% in the second quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock worth $28,000 after purchasing an additional 700 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Capital Group Dividend Growers ETF in the third quarter worth approximately $48,000. Pinnacle Bancorp Inc. bought a new position in shares of Capital Group Dividend Growers ETF in the first quarter valued at approximately $50,000. Finally, CX Institutional lifted its holdings in shares of 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 in the last quarter.

About Capital Group Dividend Growers ETF

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.