Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Sees Large Volume Increase – Time to Buy?

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) saw an uptick in trading volume on Wednesday. Approximately 366,542 shares changed hands during mid-day trading, an increase of 203% from the previous session’s volume of 120,947 shares. The stock last traded at $35.8150 and had previously closed at $35.91.

Bahl & Gaynor Income Growth ETF Stock Down 0.3%

The business’s 50 day moving average price is $36.47 and its 200-day moving average price is $35.48. The company has a market cap of $2.18 billion, a PE ratio of 22.85 and a beta of 0.55.

Bahl & Gaynor Income Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0530 per share. The ex-dividend date was Tuesday, September 29th. This is an increase from Bahl & Gaynor Income Growth ETF’s previous monthly dividend of $0.0520. This represents a $0.64 annualized dividend and a yield of 1.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Bahl & Gaynor Income Growth ETF in the first quarter valued at approximately $933,000. Arkadios Wealth Advisors acquired a new position in Bahl & Gaynor Income Growth ETF during the 1st quarter valued at about $787,000. Anchor Investment Management LLC acquired a new stake in Bahl & Gaynor Income Growth ETF in the first quarter worth approximately $126,000. Finally, AdvisorNet Financial Inc acquired a new position in shares of Bahl & Gaynor Income Growth ETF during the 1st quarter valued at $80,000.

Bahl & Gaynor Income Growth ETF Company Profile

The Bahl & Gaynor Income Growth ETF (BGIG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large cap companies with a reliable dividend stream. The fund uses a bottom-up approach to select companies that are perceived to have strong fundamentals BGIG was launched on Sep 15, 2023 and is issued by Bahl & Gaynor.