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

Capital Group Dividend Growers ETF (NYSEARCA:CGDG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.54 and last traded at $38.52, with a volume of 242250 shares changing hands. The stock had previously closed at $38.31.

Capital Group Dividend Growers ETF Price Performance

The stock’s fifty day simple moving average is $37.69 and its 200-day simple moving average is $37.14. The stock has a market cap of $5.57 billion, a P/E ratio of 20.18 and a beta of 0.49.

Institutional Trading of Capital Group Dividend Growers ETF

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of Capital Group Dividend Growers ETF by 13.8% during the 1st quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock worth $902,000 after purchasing an additional 3,550 shares in the last quarter. First Trust Advisors LP bought a new position in Capital Group Dividend Growers ETF during the second quarter worth $372,000. Sei Investments Co. raised its position in shares of Capital Group Dividend Growers ETF by 2,931.9% during the second quarter. Sei Investments Co. now owns 255,957 shares of the company’s stock valued at $8,608,000 after buying an additional 247,515 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the second quarter valued at about $507,000. Finally, Betterment LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the second quarter valued at about $1,130,000.

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.