Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $37.91 and traded as high as $38.73. Capital Group Dividend Growers ETF shares last traded at $38.62, with a volume of 515,485 shares traded.
Capital Group Dividend Growers ETF Stock Performance
The stock has a market cap of $5.97 billion, a P/E ratio of 20.18 and a beta of 0.48. The firm’s 50 day moving average is $37.91 and its 200 day moving average is $37.50.
Capital Group Dividend Growers ETF Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.1611 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%.
Institutional Trading of Capital Group Dividend Growers ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter worth $27,000. CoreCap Advisors LLC increased its position in Capital Group Dividend Growers ETF by 1,458.3% during the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after buying an additional 700 shares in the last quarter. CX Institutional increased its position in Capital Group Dividend Growers ETF by 121.3% during the 2nd quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after buying an additional 952 shares in the last quarter. Sunbelt Securities Inc. increased its position in Capital Group Dividend Growers ETF by 17.3% during the 1st quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock valued at $97,000 after buying an additional 398 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Capital Group Dividend Growers ETF in the second quarter valued at about $119,000.
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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