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

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s stock price hit a new 52-week high on Thursday . The company traded as high as $37.87 and last traded at $37.83, with a volume of 757730 shares changing hands. The stock had previously closed at $37.59.

Capital Group Dividend Growers ETF Stock Performance

The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The business’s 50 day simple moving average is $36.23 and its 200-day simple moving average is $35.14.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1841 per share. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 26th. This represents a $0.74 annualized dividend and a dividend yield of 1.9%.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

Hedge funds have recently modified their holdings of the business. Trust Co. of Vermont bought a new position in Capital Group Dividend Growers ETF during the third quarter valued at about $30,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at about $33,000. Sittner & Nelson LLC acquired a new stake in Capital Group Dividend Growers ETF during the 2nd quarter worth $34,000. Ancora Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth $48,000. Finally, Strategic Investment Solutions Inc. IL grew its position in shares of Capital Group Dividend Growers ETF by 35.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after buying an additional 590 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.