Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 1-Year High – Still a Buy?

Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.54 and last traded at $38.52, with a volume of 242250 shares changing hands. The stock had previously closed at $38.31.

Capital Group Dividend Growers ETF Trading Up 0.9%

The firm has a market cap of $5.57 billion, a P/E ratio of 20.18 and a beta of 0.49. The company’s fifty day moving average price is $37.69 and its two-hundred day moving average price is $37.14.

Institutional Trading of Capital Group Dividend Growers ETF

Several large investors have recently made changes to their positions in CGDG. Global Retirement Partners LLC grew its holdings in Capital Group Dividend Growers ETF by 330.8% in the 4th quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock valued at $1,557,000 after buying an additional 33,546 shares in the last quarter. RFG Advisory LLC raised its position in shares of Capital Group Dividend Growers ETF by 217.8% during the fourth quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock worth $5,076,000 after acquiring an additional 97,611 shares during the last quarter. UBS Group AG boosted its holdings in Capital Group Dividend Growers ETF by 19.0% in the fourth quarter. UBS Group AG now owns 930,806 shares of the company’s stock valued at $33,174,000 after acquiring an additional 148,596 shares during the last quarter. Swisher Financial Concepts Inc. boosted its holdings in Capital Group Dividend Growers ETF by 6.5% in the first quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock valued at $7,984,000 after acquiring an additional 13,623 shares during the last quarter. Finally, Assetmark Inc. increased its position in Capital Group Dividend Growers ETF by 11.5% during the 4th quarter. Assetmark Inc. now owns 564,722 shares of the company’s stock valued at $20,127,000 after purchasing an additional 58,154 shares during the period.

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.