Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 268,278 shares, a decrease of 53.3% from the July 30th total of 575,070 shares. Based on an average daily volume of 516,754 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.
Capital Group Dividend Growers ETF Trading Down 0.3%
Shares of NYSEARCA:CGDG traded down $0.10 during trading on Friday, hitting $38.67. 1,196,276 shares of the company’s stock were exchanged, compared to its average volume of 707,460. The firm has a 50-day moving average price of $38.24 and a two-hundred day moving average price of $37.42. Capital Group Dividend Growers ETF has a 1-year low of $33.67 and a 1-year high of $39.15. The firm has a market cap of $5.57 billion, a P/E ratio of 20.18 and a beta of 0.49.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trinity Wealth Management LLC increased its holdings in Capital Group Dividend Growers ETF by 2.1% in the second quarter. Trinity Wealth Management LLC now owns 13,403 shares of the company’s stock valued at $503,000 after purchasing an additional 271 shares during the last quarter. Concorde Asset Management LLC boosted its holdings in Capital Group Dividend Growers ETF by 3.9% during the fourth quarter. Concorde Asset Management LLC now owns 7,944 shares of the company’s stock worth $283,000 after buying an additional 295 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Capital Group Dividend Growers ETF by 2.3% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 13,787 shares of the company’s stock worth $491,000 after buying an additional 307 shares during the period. Summit Global Investments grew its position in shares of Capital Group Dividend Growers ETF by 1.9% during the 1st quarter. Summit Global Investments now owns 17,452 shares of the company’s stock worth $627,000 after buying an additional 317 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of Capital Group Dividend Growers ETF by 17.3% in the 1st quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock valued at $97,000 after acquiring an additional 398 shares during the last quarter.
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.
Featured Stories
- Five stocks we like better than Capital Group Dividend Growers ETF
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Capital Group Dividend Growers ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Dividend Growers ETF and related companies with MarketBeat.com's FREE daily email newsletter.
