Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 12-Month High – Should You Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) shares hit a new 52-week high on Tuesday . The company traded as high as $36.89 and last traded at $36.87, with a volume of 752209 shares traded. The stock had previously closed at $36.57.

Capital Group Dividend Growers ETF Stock Up 0.8%

The business’s 50 day simple moving average is $35.80 and its 200 day simple moving average is $34.89. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.1841 dividend. This is an increase 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 yield of 2.0%.

Institutional Trading of Capital Group Dividend Growers ETF

A number of hedge funds have recently made changes to their positions in CGDG. Advance Capital Management Inc. increased its holdings in shares of Capital Group Dividend Growers ETF by 96.6% during the 3rd quarter. Advance Capital Management Inc. now owns 5,249,253 shares of the company’s stock worth $181,887,000 after acquiring an additional 2,579,574 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Growers ETF by 37.6% in the third quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock valued at $278,475,000 after purchasing an additional 2,194,089 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Capital Group Dividend Growers ETF by 33.7% during the 3rd quarter. Raymond James Financial Inc. now owns 3,547,167 shares of the company’s stock worth $122,909,000 after buying an additional 894,780 shares during the last quarter. Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 15.7% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 4,719,675 shares of the company’s stock worth $163,537,000 after buying an additional 640,905 shares during the period. Finally, Fourpath Capital Management LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth approximately $19,752,000.

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.