Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Hits New 52-Week High – Still a Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $38.27 and last traded at $38.27, with a volume of 78957 shares changing hands. The stock had previously closed at $38.02.

Capital Group Dividend Growers ETF Trading Up 0.6%

The firm’s fifty day moving average price is $37.53 and its 200-day moving average price is $37.01. The company has a market cap of $5.39 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in Capital Group Dividend Growers ETF by 330.8% during the fourth quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock worth $1,557,000 after buying an additional 33,546 shares in the last quarter. RFG Advisory LLC raised its stake in shares of Capital Group Dividend Growers ETF by 217.8% in the 4th quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock valued at $5,076,000 after buying an additional 97,611 shares in the last quarter. Swisher Financial Concepts Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 6.5% in the 1st quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock valued at $7,984,000 after buying an additional 13,623 shares in the last quarter. UBS Group AG lifted its holdings in shares of Capital Group Dividend Growers ETF by 19.0% during the 4th quarter. UBS Group AG now owns 930,806 shares of the company’s stock worth $33,174,000 after acquiring an additional 148,596 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Capital Group Dividend Growers ETF by 11.5% during the 4th quarter. Assetmark Inc. now owns 564,722 shares of the company’s stock valued at $20,127,000 after acquiring an additional 58,154 shares in 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.