Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 277,231 shares, a drop of 55.7% from the September 30th total of 625,658 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 746,122 shares, the days-to-cover ratio is currently 0.4 days.
Capital Group Dividend Growers ETF Stock Performance
Shares of CGDG stock traded down $0.10 during trading hours on Friday, reaching $38.45. The company had a trading volume of 876,598 shares, compared to its average volume of 691,376. The stock has a fifty day moving average of $37.97 and a 200-day moving average of $37.44. Capital Group Dividend Growers ETF has a 12-month low of $34.24 and a 12-month high of $39.15. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.
Capital Group Dividend Growers ETF Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.1611 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. This is a negative change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. The ex-dividend date of this dividend was Wednesday, September 30th.
Institutional Investors Weigh In On Capital Group Dividend Growers ETF
Several large investors have recently modified their holdings of CGDG. Cetera Investment Advisers grew its holdings 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 worth $138,949,000 after buying an additional 648,834 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Capital Group Dividend Growers ETF by 11.5% during the 1st quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock worth $93,258,000 after buying an additional 266,980 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Capital Group Dividend Growers ETF by 186.1% during the 1st 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 last quarter. Sei Investments Co. raised its position 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 valued at $42,656,000 after buying an additional 317,794 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Capital Group Dividend Growers ETF by 5.0% in the 1st quarter. Private Advisor Group LLC now owns 826,492 shares of the company’s stock valued at $29,671,000 after buying an additional 39,218 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.
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