Orion Porfolio Solutions LLC Purchases 101,456 Shares of Capital Group Dividend Growers ETF $CGDG

Orion Porfolio Solutions LLC boosted its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 73.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 240,086 shares of the company’s stock after acquiring an additional 101,456 shares during the period. Orion Porfolio Solutions LLC’s holdings in Capital Group Dividend Growers ETF were worth $8,319,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in shares of Capital Group Dividend Growers ETF by 13.8% in the first quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock worth $902,000 after purchasing an additional 3,550 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Capital Group Dividend Growers ETF by 20.3% during the second quarter. Commonwealth Equity Services LLC now owns 1,898,865 shares of the company’s stock worth $63,859,000 after buying an additional 320,534 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in Capital Group Dividend Growers ETF by 105.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 655,048 shares of the company’s stock worth $22,029,000 after buying an additional 336,840 shares in the last quarter. Prospera Financial Services Inc raised its position in Capital Group Dividend Growers ETF by 59.4% in the 2nd quarter. Prospera Financial Services Inc now owns 13,693 shares of the company’s stock valued at $460,000 after buying an additional 5,104 shares during the last quarter. Finally, PFG Advisors raised its position in Capital Group Dividend Growers ETF by 14.9% in the 2nd quarter. PFG Advisors now owns 22,023 shares of the company’s stock valued at $741,000 after buying an additional 2,864 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.7%

Shares of NYSEARCA:CGDG opened at $36.33 on Friday. The stock has a market cap of $4.38 billion, a PE ratio of 20.18 and a beta of 0.56. The stock’s fifty day simple moving average is $36.85 and its two-hundred day simple moving average is $35.58. Capital Group Dividend Growers ETF has a 1-year low of $27.62 and a 1-year high of $38.00.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1841 dividend. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 26th. This represents a $0.74 annualized dividend and a yield of 2.0%.

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.