Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 52-Week High – Here’s What Happened

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s stock price reached a new 52-week high on Monday . The company traded as high as $35.85 and last traded at $35.8150, with a volume of 163898 shares. The stock had previously closed at $35.65.

Capital Group Dividend Growers ETF Trading Up 0.5%

The firm has a market cap of $3.69 billion, a PE ratio of 20.18 and a beta of 0.56. The business’s 50-day simple moving average is $35.16 and its 200 day simple moving average is $34.38.

Capital Group Dividend Growers ETF Cuts Dividend

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

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

Several hedge funds have recently bought and sold shares of CGDG. Capital Analysts LLC acquired a new stake in shares of Capital Group Dividend Growers ETF during the 1st quarter valued at about $50,000. Kestra Advisory Services LLC raised its stake in Capital Group Dividend Growers ETF by 15.1% in the 1st quarter. Kestra Advisory Services LLC now owns 102,638 shares of the company’s stock valued at $3,172,000 after purchasing an additional 13,454 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Dividend Growers ETF by 29.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 378,141 shares of the company’s stock worth $11,685,000 after buying an additional 85,918 shares in the last quarter. Comerica Bank boosted its holdings in shares of Capital Group Dividend Growers ETF by 1.0% during the 1st quarter. Comerica Bank now owns 50,022 shares of the company’s stock worth $1,546,000 after purchasing an additional 493 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group Dividend Growers ETF in the 1st quarter valued at $108,000.

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.