Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sets New 52-Week High – Time to Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $38.45 and last traded at $38.24, with a volume of 606425 shares. The stock had previously closed at $38.23.

Capital Group Dividend Growers ETF Trading Up 0.0%

The business has a 50-day moving average price of $37.60 and a two-hundred day moving average price of $37.07. The stock has a market capitalization of $5.42 billion, a P/E ratio of 20.18 and a beta of 0.49.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Several hedge funds have recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Dividend Growers ETF in the 4th quarter valued at approximately $25,000. CoreCap Advisors LLC increased its stake in shares of Capital Group Dividend Growers ETF by 1,458.3% in the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after purchasing an additional 700 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at $48,000. Pinnacle Bancorp Inc. acquired a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter worth $50,000. Finally, CX Institutional raised its holdings in shares of Capital Group Dividend Growers ETF by 121.3% during the 2nd quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after buying an additional 952 shares in the last quarter.

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.