Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Reaches New 1-Year High – Time to Buy?

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $38.27 and last traded at $38.27, with a volume of 78957 shares traded. The stock had previously closed at $38.02.

Capital Group Dividend Growers ETF Price Performance

The stock’s 50 day simple moving average is $37.53 and its two-hundred day simple moving average is $37.01. The company has a market capitalization of $5.39 billion, a P/E ratio of 20.18 and a beta of 0.49.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Large investors have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Capital Group Dividend Growers ETF in the fourth quarter worth about $25,000. CoreCap Advisors LLC lifted its position in Capital Group Dividend Growers ETF by 1,458.3% during the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after purchasing an additional 700 shares during the period. Ancora Advisors LLC bought a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at about $48,000. Pinnacle Bancorp Inc. bought a new position in shares of Capital Group Dividend Growers ETF in the 1st quarter valued at about $50,000. Finally, CX Institutional grew its position in shares of Capital Group Dividend Growers ETF by 121.3% during the 2nd quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after buying an additional 952 shares during the period.

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.