Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.45 and last traded at $38.24, with a volume of 606425 shares changing hands. The stock had previously closed at $38.23.
Capital Group Dividend Growers ETF Stock Performance
The firm’s 50-day simple moving average is $37.60 and its 200 day simple moving average is $37.07. The company has a market cap of $5.42 billion, a P/E ratio of 20.18 and a beta of 0.49.
Hedge Funds Weigh In On Capital Group Dividend Growers ETF
Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in Capital Group Dividend Growers ETF by 13.8% during the 1st quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock worth $902,000 after purchasing an additional 3,550 shares in the last quarter. First Trust Advisors LP bought a new stake in Capital Group Dividend Growers ETF in the 2nd quarter valued at approximately $372,000. Sei Investments Co. boosted its position in Capital Group Dividend Growers ETF by 2,931.9% during the 2nd quarter. Sei Investments Co. now owns 255,957 shares of the company’s stock worth $8,608,000 after acquiring an additional 247,515 shares during the last quarter. Main Street Financial Solutions LLC acquired a new position in Capital Group Dividend Growers ETF during the 2nd quarter worth approximately $507,000. Finally, Betterment LLC acquired a new position in Capital Group Dividend Growers ETF during the 2nd quarter worth approximately $1,130,000.
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.
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