Capital Group Dividend Growers ETF $CGDG Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,597,678 shares of the company’s stock after acquiring an additional 266,980 shares during the period. Royal Bank of Canada’s holdings in Capital Group Dividend Growers ETF were worth $93,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 25.0% in the fourth quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock valued at $343,966,000 after purchasing an additional 1,929,512 shares during the period. Wells Fargo & Company MN raised its stake in Capital Group Dividend Growers ETF by 146.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,755,585 shares of the company’s stock worth $98,209,000 after purchasing an additional 1,635,584 shares during the period. Valmark Advisers Inc. raised its stake in Capital Group Dividend Growers ETF by 186.1% during the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after purchasing an additional 1,352,510 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Growers ETF by 166.0% in 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 during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Capital Group Dividend Growers ETF by 1,837.3% in the 4th quarter. Jane Street Group LLC now owns 960,000 shares of the company’s stock valued at $34,214,000 after purchasing an additional 910,447 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

Capital Group Dividend Growers ETF stock opened at $38.34 on Friday. The firm has a 50 day simple moving average of $37.67 and a 200-day simple moving average of $37.12. Capital Group Dividend Growers ETF has a 1-year low of $32.90 and a 1-year high of $38.54. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49.

Capital Group Dividend Growers ETF Company 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.