Fourpath Capital Management LLC Purchases Shares of 570,040 Capital Group Dividend Growers ETF $CGDG

Fourpath Capital Management LLC acquired a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 570,040 shares of the company’s stock, valued at approximately $19,752,000. Capital Group Dividend Growers ETF comprises about 2.8% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oak Hill Wealth Advisors LLC raised its position in shares of Capital Group Dividend Growers ETF by 34.7% in the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 59,577 shares of the company’s stock worth $2,012,000 after buying an additional 15,350 shares during the period. Advance Capital Management Inc. purchased a new stake in Capital Group Dividend Growers ETF during the second quarter valued at about $89,781,000. Flputnam Investment Management Co. increased its stake in Capital Group Dividend Growers ETF by 49.4% during the third quarter. Flputnam Investment Management Co. now owns 47,985 shares of the company’s stock worth $1,663,000 after acquiring an additional 15,856 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in shares of Capital Group Dividend Growers ETF by 169.4% in the 2nd quarter. Venture Visionary Partners LLC now owns 18,934 shares of the company’s stock worth $637,000 after purchasing an additional 11,907 shares during the period. Finally, Sovran Advisors LLC raised its holdings in shares of Capital Group Dividend Growers ETF by 213.4% in the 2nd quarter. Sovran Advisors LLC now owns 51,662 shares of the company’s stock worth $1,745,000 after purchasing an additional 35,179 shares during the period.

Capital Group Dividend Growers ETF Price Performance

NYSEARCA CGDG opened at $35.84 on Tuesday. Capital Group Dividend Growers ETF has a 1-year low of $27.62 and a 1-year high of $35.86. The firm has a market capitalization of $3.69 billion, a P/E ratio of 20.18 and a beta of 0.56. The business’s 50-day simple moving average is $35.19 and its 200-day simple moving average is $34.40.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.149 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

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.