Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 12-Month High – Here’s What Happened

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

Capital Group Dividend Growers ETF Price Performance

The business’s fifty day moving average price is $37.39 and its 200-day moving average price is $36.87. The stock has a market capitalization of $5.26 billion, a PE ratio of 20.18 and a beta of 0.49.

Institutional Inflows and Outflows

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