Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sets New 52-Week High – What’s Next?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) hit a new 52-week high on Monday . The stock traded as high as $38.10 and last traded at $38.08, with a volume of 473357 shares traded. The stock had previously closed at $37.88.

Capital Group Dividend Growers ETF Price Performance

The company has a market cap of $5.27 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49. The company’s 50-day simple moving average is $37.35 and its 200-day simple moving average is $36.83.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Hedge funds have recently bought and sold shares of the company. Bond & Devick Financial Network Inc. lifted its holdings in Capital Group Dividend Growers ETF by 3.4% in 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 last quarter. Concorde Asset Management LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 3.9% in the 4th quarter. Concorde Asset Management LLC now owns 7,944 shares of the company’s stock worth $283,000 after purchasing an additional 295 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position 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 valued at $491,000 after purchasing an additional 307 shares during the period. Summit Global Investments boosted its position in Capital Group Dividend Growers ETF by 1.9% during the 1st quarter. Summit Global Investments now owns 17,452 shares of the company’s stock valued at $627,000 after purchasing an additional 317 shares during the period. Finally, Lodestone Wealth Management LLC grew its stake in Capital Group Dividend Growers ETF by 2.2% during the 4th quarter. Lodestone Wealth Management LLC now owns 15,453 shares of the company’s stock worth $551,000 after buying an additional 327 shares during 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.