RM Financial Services LLC Buys New Holdings in Capital Group Dividend Growers ETF $CGDG

RM Financial Services LLC purchased a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 307,940 shares of the company’s stock, valued at approximately $10,975,000. Capital Group Dividend Growers ETF comprises 9.7% of RM Financial Services LLC’s holdings, making the stock its biggest holding. RM Financial Services LLC owned approximately 0.26% of Capital Group Dividend Growers ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ameriflex Group Inc. bought a new stake in Capital Group Dividend Growers ETF in the 3rd quarter valued at $33,000. Ancora Advisors LLC bought a new position in Capital Group Dividend Growers ETF during the third quarter worth $48,000. Strategic Investment Solutions Inc. IL boosted its position in Capital Group Dividend Growers ETF by 35.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares during the period. Godfrey Financial Associates Inc. acquired a new position in shares of Capital Group Dividend Growers ETF in the fourth quarter valued at $110,000. Finally, Root Financial Partners LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the fourth quarter valued at $125,000.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA CGDG opened at $36.96 on Thursday. The stock has a market cap of $4.84 billion, a PE ratio of 20.18 and a beta of 0.50. The firm has a 50-day moving average of $37.08 and a 200-day moving average of $36.58. Capital Group Dividend Growers ETF has a 52-week low of $32.74 and a 52-week high of $38.00.

Capital Group Dividend Growers ETF Profile

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.