Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sets New 52-Week High – Time to Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) hit a new 52-week high during trading on Thursday . The stock traded as high as $35.81 and last traded at $35.8010, with a volume of 247982 shares. The stock had previously closed at $35.64.

Capital Group Dividend Growers ETF Stock Up 0.4%

The stock’s 50-day simple moving average is $35.05 and its two-hundred day simple moving average is $34.22. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.149 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

Several large investors have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Growers ETF during the third quarter valued at approximately $30,000. Ameriflex Group Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth approximately $33,000. Sittner & Nelson LLC acquired a new position in Capital Group Dividend Growers ETF in the 2nd quarter valued at $34,000. AdvisorNet Financial Inc lifted its holdings in Capital Group Dividend Growers ETF by 483.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock valued at $44,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Capital Group Dividend Growers ETF during the 3rd quarter worth $48,000.

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.