Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Sees Strong Trading Volume – Here’s What Happened

Shares of Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) saw strong trading volume on Monday. 539,029 shares traded hands during mid-day trading, an increase of 320% from the average daily volume of 128,393 shares. The stock last traded at $37.1860 and had previously closed at $37.16.

Bahl & Gaynor Income Growth ETF Price Performance

The business has a 50 day moving average of $36.29 and a 200 day moving average of $35.25. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 22.85 and a beta of 0.51.

Bahl & Gaynor Income Growth ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th were paid a $0.0530 dividend. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $0.64 annualized dividend and a yield of 1.7%.

Institutional Trading of Bahl & Gaynor Income Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of BGIG. Janney Montgomery Scott LLC acquired a new stake in shares of Bahl & Gaynor Income Growth ETF in the 1st quarter valued at approximately $933,000. Arkadios Wealth Advisors bought a new position in Bahl & Gaynor Income Growth ETF during the 1st quarter worth approximately $787,000. Finally, Anchor Investment Management LLC acquired a new position in Bahl & Gaynor Income Growth ETF during the first quarter valued at approximately $126,000.

Bahl & Gaynor Income Growth ETF Company Profile

The Bahl & Gaynor Income Growth ETF (BGIG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large cap companies with a reliable dividend stream. The fund uses a bottom-up approach to select companies that are perceived to have strong fundamentals BGIG was launched on Sep 15, 2023 and is issued by Bahl & Gaynor.