Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Large Volume Increase – What’s Next?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw an uptick in trading volume on Friday . 5,125,823 shares traded hands during mid-day trading, an increase of 425% from the previous session’s volume of 976,895 shares.The stock last traded at $37.76 and had previously closed at $37.55.

Capital Group Dividend Growers ETF Trading Up 0.6%

The stock’s 50 day moving average price is $36.49 and its two-hundred day moving average price is $35.30. The firm has a market capitalization of $4.55 billion, a PE ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1841 per share. The ex-dividend date of this dividend 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 annualized dividend and a yield of 1.9%.

Institutional Trading of Capital Group Dividend Growers ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGDG. Capital International Investors increased its position in Capital Group Dividend Growers ETF by 0.8% during the 4th quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock worth $615,002,000 after purchasing an additional 140,767 shares in the last quarter. LPL Financial LLC boosted its position in Capital Group Dividend Growers ETF by 25.0% during the fourth quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock worth $343,966,000 after acquiring an additional 1,929,512 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Dividend Growers ETF by 37.6% during the third quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock worth $278,475,000 after acquiring an additional 2,194,089 shares during the last quarter. Advance Capital Management Inc. raised its holdings in Capital Group Dividend Growers ETF by 2.4% in the 4th quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock valued at $191,527,000 after acquiring an additional 124,692 shares during the last quarter. Finally, Capital Group Private Client Services Inc. raised its holdings in Capital Group Dividend Growers ETF by 9.8% in the 4th quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock valued at $184,643,000 after acquiring an additional 461,101 shares during the last quarter.

Capital Group Dividend Growers ETF Company Profile

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.