Hopwood Nicholas Hunter Makes New Investment in Capital Group Dividend Growers ETF $CGDG

Hopwood Nicholas Hunter acquired a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 175,686 shares of the company’s stock, valued at approximately $6,590,000. Capital Group Dividend Growers ETF makes up 1.8% of Hopwood Nicholas Hunter’s investment portfolio, making the stock its 13th largest holding.

Several other large investors also recently made changes to their positions in CGDG. Trinity Wealth Management LLC grew its stake in shares of Capital Group Dividend Growers ETF by 2.1% in the second quarter. Trinity Wealth Management LLC now owns 13,403 shares of the company’s stock valued at $503,000 after buying an additional 271 shares in the last quarter. Concorde Asset Management LLC raised its position in Capital Group Dividend Growers ETF by 3.9% during the fourth quarter. Concorde Asset Management LLC now owns 7,944 shares of the company’s stock worth $283,000 after acquiring an additional 295 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Capital Group Dividend Growers ETF by 2.3% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 13,787 shares of the company’s stock valued at $491,000 after acquiring an additional 307 shares during the last quarter. Summit Global Investments lifted its stake in Capital Group Dividend Growers ETF by 1.9% in the first quarter. Summit Global Investments now owns 17,452 shares of the company’s stock valued at $627,000 after acquiring an additional 317 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Capital Group Dividend Growers ETF by 17.3% in the 1st quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock valued at $97,000 after acquiring an additional 398 shares during the period.

Capital Group Dividend Growers ETF Price Performance

Capital Group Dividend Growers ETF stock opened at $38.67 on Friday. The company’s 50-day moving average is $38.36 and its 200-day moving average is $37.46. The firm has a market capitalization of $5.57 billion, a PE ratio of 20.18 and a beta of 0.48. Capital Group Dividend Growers ETF has a fifty-two week low of $34.04 and a fifty-two week high of $39.15.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a $0.3865 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 4.0%. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.14.

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.