Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Hits New 52-Week High – Here’s What Happened

Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) reached a new 52-week high on Friday . The company traded as high as $37.00 and last traded at $37.03, with a volume of 22552 shares. The stock had previously closed at $36.46.

Capital Group Dividend Growers ETF Stock Up 2.1%

The firm has a fifty day moving average of $36.10 and a 200-day moving average of $35.07. The firm has a market cap of $4.49 billion, a P/E ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently announced 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. The ex-dividend date was Friday, December 26th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CGDG. Bond & Devick Financial Network Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 3.4% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 8,521 shares of the company’s stock worth $304,000 after acquiring an additional 284 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in Capital Group Dividend Growers ETF by 2.3% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 13,787 shares of the company’s stock worth $491,000 after purchasing an additional 307 shares during the last quarter. Lodestone Wealth Management LLC boosted its stake in Capital Group Dividend Growers ETF by 2.2% in the 4th quarter. Lodestone Wealth Management LLC now owns 15,453 shares of the company’s stock valued at $551,000 after purchasing an additional 327 shares during the period. Trinity Wealth Management LLC boosted its stake in Capital Group Dividend Growers ETF by 5.2% in the 4th quarter. Trinity Wealth Management LLC now owns 11,950 shares of the company’s stock valued at $426,000 after purchasing an additional 589 shares during the period. Finally, Strategic Investment Solutions Inc. IL grew its holdings in Capital Group Dividend Growers ETF by 35.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock valued at $78,000 after buying an additional 590 shares in 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.