Envestnet Portfolio Solutions Inc. Increases Stock Position in Capital Group Dividend Growers ETF $CGDG

Envestnet Portfolio Solutions Inc. boosted its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 12.2% in the 4th quarter, Holdings Channel reports. The firm owned 187,517 shares of the company’s stock after acquiring an additional 20,346 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Dividend Growers ETF were worth $6,683,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Intrua Financial LLC bought a new position in Capital Group Dividend Growers ETF in the 4th quarter worth about $345,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Capital Group Dividend Growers ETF by 46.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,330,503 shares of the company’s stock valued at $47,419,000 after purchasing an additional 421,420 shares in the last quarter. Stephens Inc. AR grew its position in shares of Capital Group Dividend Growers ETF by 79.1% during the 4th quarter. Stephens Inc. AR now owns 105,734 shares of the company’s stock valued at $3,768,000 after purchasing an additional 46,694 shares in the last quarter. Compton Financial Group LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the 4th quarter valued at $516,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Dividend Growers ETF by 166.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,011,123 shares of the company’s stock valued at $77,024,000 after purchasing an additional 1,255,064 shares in the last quarter.

Capital Group Dividend Growers ETF Price Performance

CGDG opened at $37.49 on Thursday. The company has a fifty day moving average price of $36.61 and a 200-day moving average price of $36.33. The firm has a market capitalization of $4.91 billion, a P/E ratio of 20.18 and a beta of 0.53. Capital Group Dividend Growers ETF has a one year low of $32.00 and a one year high of $38.00.

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.