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

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.09 and last traded at $37.96, with a volume of 23017 shares. The stock had previously closed at $37.84.

Capital Group Dividend Growers ETF Trading Up 0.2%

The stock’s fifty day moving average is $37.15 and its 200 day moving average is $36.62. The company has a market capitalization of $4.97 billion, a P/E ratio of 20.18 and a beta of 0.50.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its holdings in Capital Group Dividend Growers ETF by 25.0% during the 4th quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock valued at $343,966,000 after purchasing an additional 1,929,512 shares during the period. Wells Fargo & Company MN increased its position in Capital Group Dividend Growers ETF by 146.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,755,585 shares of the company’s stock valued at $98,209,000 after purchasing an additional 1,635,584 shares during the period. Valmark Advisers Inc. raised its holdings in Capital Group Dividend Growers ETF by 186.1% in the 1st quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after purchasing an additional 1,352,510 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Dividend Growers ETF by 166.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,011,123 shares of the company’s stock worth $77,024,000 after purchasing an additional 1,255,064 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Capital Group Dividend Growers ETF by 1,837.3% during the fourth quarter. Jane Street Group LLC now owns 960,000 shares of the company’s stock valued at $34,214,000 after buying an additional 910,447 shares during the period.

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.