Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 52-Week High – Here’s Why

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price reached a new 52-week high on Thursday . The stock traded as high as $39.08 and last traded at $39.08, with a volume of 82428 shares traded. The stock had previously closed at $38.87.

Capital Group Dividend Growers ETF Stock Performance

The stock has a 50-day moving average of $37.89 and a two-hundred day moving average of $37.25. The company has a market cap of $5.62 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 modified their holdings of CGDG. Wealthcare Capital Partners LLC purchased a new position in shares of Capital Group Dividend Growers ETF in the 2nd quarter worth about $234,000. Shira Ridge Wealth Management grew its position in Capital Group Dividend Growers ETF by 6.4% during the 2nd quarter. Shira Ridge Wealth Management now owns 119,166 shares of the company’s stock valued at $4,470,000 after purchasing an additional 7,143 shares during the last quarter. Professional Financial Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the 2nd quarter valued at about $354,000. First Heartland Consultants Inc. increased its stake in Capital Group Dividend Growers ETF by 7.7% during the 2nd quarter. First Heartland Consultants Inc. now owns 13,882 shares of the company’s stock valued at $521,000 after purchasing an additional 994 shares in the last quarter. Finally, Puff Wealth Management LLC bought a new stake in Capital Group Dividend Growers ETF during the 2nd quarter valued at about $498,000.

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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.