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

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $35.44 and last traded at $35.3780, with a volume of 59472 shares changing hands. The stock had previously closed at $35.28.

Capital Group Dividend Growers ETF Price Performance

The firm has a fifty day simple moving average of $34.69 and a two-hundred day simple moving average of $33.70. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.149 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Capital Group Dividend Growers ETF in the first quarter valued at about $381,000. Smartleaf Asset Management LLC increased its holdings in shares of Capital Group Dividend Growers ETF by 93.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 365,401 shares of the company’s stock worth $11,309,000 after buying an additional 176,945 shares during the last quarter. Advance Capital Management Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF during the 2nd quarter valued at approximately $89,781,000. Oak Hill Wealth Advisors LLC grew its position in Capital Group Dividend Growers ETF by 34.7% in the second quarter. Oak Hill Wealth Advisors LLC now owns 59,577 shares of the company’s stock worth $2,012,000 after acquiring an additional 15,350 shares during the period. Finally, Mayflower Financial Advisors LLC increased its stake in Capital Group Dividend Growers ETF by 5.3% during the first quarter. Mayflower Financial Advisors LLC now owns 55,816 shares of the company’s stock worth $1,725,000 after acquiring an additional 2,814 shares during 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.