Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sets New 52-Week High – Here’s Why

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $32.55 and last traded at $32.52, with a volume of 326961 shares traded. The stock had previously closed at $32.47.

Capital Group Dividend Growers ETF Stock Performance

The firm has a market capitalization of $2.05 billion, a PE ratio of 19.69 and a beta of 0.82. The firm’s 50 day moving average price is $30.86 and its 200-day moving average price is $30.60.

Capital Group Dividend Growers ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 31st were issued a $0.1333 dividend. The ex-dividend date was Monday, March 31st.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

A number of large investors have recently modified their holdings of the business. Capital A Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Growers ETF in the fourth quarter valued at approximately $25,000. JPMorgan Chase & Co. boosted its stake in Capital Group Dividend Growers ETF by 53.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $34,000 after buying an additional 399 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in Capital Group Dividend Growers ETF in the 4th quarter valued at $35,000. ORG Partners LLC purchased a new stake in Capital Group Dividend Growers ETF in the 1st quarter valued at $38,000. Finally, Allworth Financial LP increased its stake in shares of Capital Group Dividend Growers ETF by 136.4% in the 1st quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $46,000 after acquiring an additional 854 shares during the last quarter.

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.