On December 24, 2023, the ClearBridge Large Cap Growth ESG ETF (NASDAQ: LRGE) announced a dividend of $0.10 per share. Shareholders on record as of December 26, 2023, will receive this dividend on December 31, 2023. The ex-dividend date is also set for December 26, allowing investors to understand their eligibility for this payment.
Following the announcement, shares of the ClearBridge Large Cap Growth ESG ETF saw a slight increase. On December 28, 2023, the stock traded up by 0.1%, reaching $83.38. During the trading session, 5,480 shares changed hands, which is a notable figure compared to the average volume of 12,560 shares.
Investors may find the performance of the ClearBridge ETF noteworthy, especially given its recent trading history. The fund has demonstrated a 52-week low of $60.72 and a high of $87.29. Currently, it holds a market capitalization of approximately $442.75 million, and its price-to-earnings (P/E) ratio stands at 34.66. The ETF’s beta is reported at 1.12, indicating a moderate level of volatility compared to the broader market.
Performance Insights and Market Context
The current trading environment for the ClearBridge Large Cap Growth ESG ETF reflects broader trends in the market. Over the past 50 days, the ETF has maintained a moving average price of $82.86, while the 200-day moving average sits at $81.17. This data suggests a stable performance trajectory, appealing to both current and prospective investors.
As the ETF navigates the complexities of the market, its focus on growth and environmental, social, and governance (ESG) criteria aligns with a growing interest among investors in sustainable and responsible investment options. This focus may enhance its appeal, particularly among those looking to balance financial returns with ethical considerations.
In summary, the announcement of a dividend is a significant development for shareholders of the ClearBridge Large Cap Growth ESG ETF, marking a positive step in the fund’s ongoing management strategy. Investors should remain attentive to upcoming trading sessions as the ETF continues to respond to market dynamics.
