Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 1-Year High – Time to Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) reached a new 52-week high during trading on Monday . The stock traded as high as $36.08 and last traded at $36.1150, with a volume of 190503 shares traded. The stock had previously closed at $35.96.

Capital Group Dividend Growers ETF Trading Up 0.6%

The stock has a 50 day moving average of $35.37 and a 200-day moving average of $34.57. The company has a market capitalization of $4.05 billion, a P/E ratio of 20.18 and a beta of 0.56.

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 paid a $0.1841 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Flputnam Investment Management Co. lifted its position in Capital Group Dividend Growers ETF by 49.4% in the third quarter. Flputnam Investment Management Co. now owns 47,985 shares of the company’s stock worth $1,663,000 after buying an additional 15,856 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Capital Group Dividend Growers ETF by 647.1% in the third quarter. DAVENPORT & Co LLC now owns 52,619 shares of the company’s stock valued at $1,823,000 after acquiring an additional 45,576 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 45.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 82,064 shares of the company’s stock worth $2,844,000 after acquiring an additional 25,580 shares during the last quarter. Advance Capital Management Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the 2nd quarter worth about $89,781,000. Finally, Oak Hill Wealth Advisors LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 34.7% during the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 59,577 shares of the company’s stock worth $2,012,000 after purchasing an additional 15,350 shares during the period.

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.