Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Hits New 12-Month High – Should You Buy?

Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) hit a new 52-week high during trading on Monday . The stock traded as high as $35.85 and last traded at $35.8150, with a volume of 163898 shares traded. The stock had previously closed at $35.65.

Capital Group Dividend Growers ETF Price Performance

The stock has a market capitalization of $3.71 billion, a P/E ratio of 20.18 and a beta of 0.56. The company has a fifty day moving average of $35.22 and a two-hundred day moving average of $34.42.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.149 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Large investors have recently added to or reduced their stakes in the company. Advance Capital Management Inc. bought a new stake in Capital Group Dividend Growers ETF during the second quarter valued at $89,781,000. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Dividend Growers ETF by 37.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock worth $278,475,000 after buying an additional 2,194,089 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 33.7% in the 3rd quarter. Raymond James Financial Inc. now owns 3,547,167 shares of the company’s stock valued at $122,909,000 after buying an additional 894,780 shares during the period. Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 15.7% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 4,719,675 shares of the company’s stock valued at $163,537,000 after buying an additional 640,905 shares during the period. Finally, Fourpath Capital Management LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the 3rd quarter valued at about $19,752,000.

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.