Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sets New 52-Week High – What’s Next?

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

Capital Group Dividend Growers ETF Stock Up 0.6%

The firm’s 50-day moving average price is $37.35 and its 200 day moving average price is $36.83. The firm has a market cap of $5.27 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 hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its position in 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 during the period. Wells Fargo & Company MN grew its stake 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 in the last quarter. Valmark Advisers Inc. increased its holdings in shares of Capital Group Dividend Growers ETF by 186.1% during 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 during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 period. Finally, Jane Street Group LLC raised its stake in shares of Capital Group Dividend Growers ETF by 1,837.3% during the fourth quarter. Jane Street Group LLC now owns 960,000 shares of the company’s stock valued at $34,214,000 after purchasing an additional 910,447 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.