Latitude Advisors LLC Buys 20,163 Shares of Capital Group Dividend Growers ETF $CGDG

Latitude Advisors LLC raised its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 31.7% during the 3rd quarter, Holdings Channel reports. The fund owned 83,826 shares of the company’s stock after acquiring an additional 20,163 shares during the period. Capital Group Dividend Growers ETF makes up about 1.0% of Latitude Advisors LLC’s investment portfolio, making the stock its 18th largest position. Latitude Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $3,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CGDG. Baird Financial Group Inc. increased its stake in shares of Capital Group Dividend Growers ETF by 27.4% during the second quarter. Baird Financial Group Inc. now owns 186,756 shares of the company’s stock worth $7,005,000 after purchasing an additional 40,153 shares during the period. Hopwood Nicholas Hunter acquired a new stake in shares of Capital Group Dividend Growers ETF during the second quarter worth $6,590,000. Ameritas Advisory Services LLC grew its stake in shares of Capital Group Dividend Growers ETF by 59.6% in the second quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock valued at $5,431,000 after acquiring an additional 54,063 shares in the last quarter. Allworth Financial LP raised its stake in Capital Group Dividend Growers ETF by 34.5% in the 2nd quarter. Allworth Financial LP now owns 59,620 shares of the company’s stock worth $2,236,000 after purchasing an additional 15,304 shares in the last quarter. Finally, Private Client Services LLC boosted its holdings in Capital Group Dividend Growers ETF by 187.2% in the 2nd quarter. Private Client Services LLC now owns 26,220 shares of the company’s stock valued at $984,000 after purchasing an additional 17,090 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.1%

Shares of NYSEARCA:CGDG opened at $38.12 on Wednesday. Capital Group Dividend Growers ETF has a 12-month low of $34.24 and a 12-month high of $39.15. The company’s 50 day moving average price is $37.99 and its two-hundred day moving average price is $37.42. The firm has a market cap of $5.89 billion, a PE ratio of 20.18 and a beta of 0.50.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1611 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. This is a decrease from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. The ex-dividend date was Wednesday, 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.