Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Markets Daily

Bahl & Gaynor Income Growth ETF (NYSEARCA:BGIG – Get Free Report) saw unusually-high trading volume on Thursday. Approximately 199,065 shares were traded during trading, an increase of 76% from the previous session’s volume of 113,199 shares. The stock last traded at $35.04 and had previously closed at $35.16.

Bahl & Gaynor Income Growth ETF Stock Performance

The firm has a 50-day moving average of $36.54 and a 200-day moving average of $35.43. The firm has a market capitalization of $2.14 billion, a P/E ratio of 22.85 and a beta of 0.53.

Bahl & Gaynor Income Growth ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.0530 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Bahl & Gaynor Income Growth ETF’s previous monthly dividend of $0.0520. The ex-dividend date of this dividend is Tuesday, September 29th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of Bahl & Gaynor Income Growth ETF during the first quarter valued at approximately $933,000. Arkadios Wealth Advisors purchased a new position in shares of Bahl & Gaynor Income Growth ETF during the first quarter valued at about $787,000. Anchor Investment Management LLC purchased a new position in shares of Bahl & Gaynor Income Growth ETF during the first quarter valued at about $126,000. Finally, AdvisorNet Financial Inc bought a new position in Bahl & Gaynor Income Growth ETF in the first quarter worth about $80,000.

About Bahl & Gaynor Income Growth ETF

(Get Free Report)

The Bahl & Gaynor Income Growth ETF (BGIG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large cap companies with a reliable dividend stream. The fund uses a bottom-up approach to select companies that are perceived to have strong fundamentals BGIG was launched on Sep 15, 2023 and is issued by Bahl & Gaynor.

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