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

Shares of Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) saw an uptick in trading volume on Thursday. Approximately 199,065 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 113,199 shares. The stock last traded at $35.04 and had previously closed at $35.16.

Bahl & Gaynor Income Growth ETF Trading Up 0.0%

The company has a market cap of $2.14 billion, a PE ratio of 22.85 and a beta of 0.53. The stock has a 50 day moving average price of $36.54 and a 200 day moving average price of $35.43.

Bahl & Gaynor Income Growth ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th will be issued a $0.0530 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Bahl & Gaynor Income Growth ETF’s previous monthly dividend of $0.0520. The ex-dividend date is Tuesday, September 29th.

Institutional Trading of Bahl & Gaynor Income Growth ETF

Hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors purchased a new stake in shares of Bahl & Gaynor Income Growth ETF in the 1st quarter worth about $787,000. Anchor Investment Management LLC purchased a new position in Bahl & Gaynor Income Growth ETF during the 1st quarter valued at about $126,000. Janney Montgomery Scott LLC purchased a new position in Bahl & Gaynor Income Growth ETF during the 1st quarter valued at about $933,000. Finally, AdvisorNet Financial Inc bought a new stake in Bahl & Gaynor Income Growth ETF during the first quarter worth about $80,000.

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.