Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 52-Week High – Here’s Why

Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) hit a new 52-week high on Thursday . The stock traded as high as $39.08 and last traded at $39.08, with a volume of 82428 shares. The stock had previously closed at $38.87.

Capital Group Dividend Growers ETF Stock Up 0.4%

The firm has a market cap of $5.62 billion, a P/E ratio of 20.18 and a beta of 0.49. The business has a fifty day simple moving average of $37.89 and a 200-day simple moving average of $37.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Dividend Growers ETF during the fourth quarter worth about $25,000. CoreCap Advisors LLC grew its holdings in Capital Group Dividend Growers ETF by 1,458.3% in the second quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock worth $28,000 after purchasing an additional 700 shares during the period. Ancora Advisors LLC bought a new position in shares of Capital Group Dividend Growers ETF during the third quarter valued at approximately $48,000. Pinnacle Bancorp Inc. bought a new position in shares of Capital Group Dividend Growers ETF during the first quarter valued at approximately $50,000. Finally, CX Institutional lifted its holdings in shares of Capital Group Dividend Growers ETF by 121.3% during the second quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after purchasing an additional 952 shares during 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.