Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Hits New 1-Year High – Should You Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $38.09 and last traded at $37.96, with a volume of 23017 shares changing hands. The stock had previously closed at $37.84.

Capital Group Dividend Growers ETF Trading Up 0.2%

The company has a market capitalization of $4.97 billion, a PE ratio of 20.18 and a beta of 0.50. The business’s fifty day moving average is $37.15 and its two-hundred day moving average is $36.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings 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 worth $343,966,000 after buying an additional 1,929,512 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Capital Group Dividend Growers ETF by 146.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,755,585 shares of the company’s stock valued at $98,209,000 after acquiring an additional 1,635,584 shares during the period. Valmark Advisers Inc. lifted its stake in Capital Group Dividend Growers ETF by 186.1% during the 1st quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock valued at $74,648,000 after acquiring an additional 1,352,510 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Dividend Growers ETF by 166.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,011,123 shares of the company’s stock valued at $77,024,000 after acquiring an additional 1,255,064 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 1,837.3% during the 4th quarter. Jane Street Group LLC now owns 960,000 shares of the company’s stock valued at $34,214,000 after acquiring an additional 910,447 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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.