Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw unusually-high trading volume on Friday . Approximately 1,853,245 shares changed hands during trading, an increase of 247% from the previous session’s volume of 534,032 shares.The stock last traded at $35.9260 and had previously closed at $35.64.

Capital Group Dividend Growers ETF Trading Up 0.9%

The firm has a market cap of $4.03 billion, a P/E ratio of 20.18 and a beta of 0.56. The business has a 50-day moving average price of $35.37 and a 200-day moving average price of $34.56.

Capital Group Dividend Growers ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new position in shares of Capital Group Dividend Growers ETF in the third quarter worth $30,000. Ameriflex Group Inc. acquired a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at $33,000. Sittner & Nelson LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the second quarter valued at about $34,000. AdvisorNet Financial Inc raised its position in Capital Group Dividend Growers ETF by 483.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock worth $44,000 after buying an additional 1,088 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the third quarter worth $48,000.

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.