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

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) shares saw unusually-strong trading volume on Wednesday. 366,542 shares changed hands during mid-day trading, an increase of 203% from the previous session’s volume of 120,947 shares. The stock last traded at $35.8150 and had previously closed at $35.91.

Bahl & Gaynor Income Growth ETF Trading Down 0.3%

The company has a market cap of $2.18 billion, a PE ratio of 22.85 and a beta of 0.55. The stock has a fifty day simple moving average of $36.47 and a two-hundred day simple moving average of $35.48.

Bahl & Gaynor Income Growth ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.0530 per share. This is a positive change from Bahl & Gaynor Income Growth ETF’s previous monthly dividend of $0.0520. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%.

Institutional Trading of Bahl & Gaynor Income Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in BGIG. Arkadios Wealth Advisors purchased a new stake in shares of Bahl & Gaynor Income Growth ETF in the first quarter valued at $787,000. Anchor Investment Management LLC acquired a new position in shares of Bahl & Gaynor Income Growth ETF in the 1st quarter valued at $126,000. Janney Montgomery Scott LLC acquired a new stake in shares of Bahl & Gaynor Income Growth ETF during the 1st quarter worth $933,000. Finally, AdvisorNet Financial Inc acquired a new stake in Bahl & Gaynor Income Growth ETF during the first quarter worth about $80,000.

About Bahl & Gaynor Income Growth ETF

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.