Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Shares Cross Above Fifty Day Moving Average – Here’s Why

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $38.02 and traded as high as $38.15. Capital Group Dividend Growers ETF shares last traded at $38.08, with a volume of 589,815 shares.

Capital Group Dividend Growers ETF Stock Performance

The company has a market cap of $5.88 billion, a PE ratio of 20.18 and a beta of 0.50. The stock’s 50 day moving average price is $38.02 and its 200-day moving average price is $37.40.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.1611 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, September 30th. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865.

Institutional Trading of Capital Group Dividend Growers ETF

Several hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. boosted its position in Capital Group Dividend Growers ETF by 186.1% during the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock valued at $74,648,000 after buying an additional 1,352,510 shares during the period. Cetera Investment Advisers grew its stake in shares of Capital Group Dividend Growers ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after buying an additional 648,834 shares during the last quarter. KWB Wealth purchased a new position in shares of Capital Group Dividend Growers ETF in the third quarter worth about $15,442,000. Sei Investments Co. increased its holdings in shares of Capital Group Dividend Growers ETF by 36.5% in the first quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock worth $42,656,000 after buying an additional 317,794 shares during the period. Finally, Compton Financial Group LLC increased its holdings in shares of Capital Group Dividend Growers ETF by 1,969.0% in the first quarter. Compton Financial Group LLC now owns 299,323 shares of the company’s stock worth $10,746,000 after buying an additional 284,856 shares during the period.

About Capital Group Dividend Growers ETF

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.