Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Unusually-High Trading Volume – Here’s What Happened

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw unusually-strong trading volume on Friday . Approximately 1,853,245 shares traded hands during mid-day trading, an increase of 247% from the previous session’s volume of 534,032 shares.The stock last traded at $35.9260 and had previously closed at $35.64.

Capital Group Dividend Growers ETF Stock Up 0.7%

The company has a market capitalization of $4.02 billion, a PE ratio of 20.18 and a beta of 0.56. The company’s 50 day moving average is $35.35 and its two-hundred day moving average is $34.53.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1841 per share. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGDG. Trust Co. of Vermont purchased a new position in Capital Group Dividend Growers ETF during the 3rd quarter valued at approximately $30,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Dividend Growers ETF during the 3rd quarter valued at approximately $33,000. Sittner & Nelson LLC purchased a new position in shares of Capital Group Dividend Growers ETF in the second quarter valued at $34,000. AdvisorNet Financial Inc increased its position in Capital Group Dividend Growers ETF by 483.6% in the second quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock worth $44,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the third quarter valued at $48,000.

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.