Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sets New 1-Year High – Here’s Why

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $33.48 and last traded at $33.43, with a volume of 48363 shares traded. The stock had previously closed at $33.17.

Capital Group Dividend Growers ETF Price Performance

The business has a 50-day simple moving average of $31.59 and a two-hundred day simple moving average of $30.89. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 20.35 and a beta of 0.82.

Capital Group Dividend Growers ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were issued a dividend of $0.1333 per share. The ex-dividend date was Monday, March 31st.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Capital Group Dividend Growers ETF by 27.4% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock worth $46,000 after buying an additional 320 shares during the period. IFP Advisors Inc boosted its holdings in shares of Capital Group Dividend Growers ETF by 6.3% during the first quarter. IFP Advisors Inc now owns 5,827 shares of the company’s stock worth $180,000 after acquiring an additional 343 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Capital Group Dividend Growers ETF by 1.0% during the fourth quarter. Jacobi Capital Management LLC now owns 37,320 shares of the company’s stock worth $1,106,000 after purchasing an additional 361 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Capital Group Dividend Growers ETF by 53.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $34,000 after purchasing an additional 399 shares during the period. Finally, Comerica Bank lifted its holdings in Capital Group Dividend Growers ETF by 1.0% during the 1st quarter. Comerica Bank now owns 50,022 shares of the company’s stock worth $1,546,000 after purchasing an additional 493 shares during 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.