Capital Analysts LLC Increases Stake in Capital Group Dividend Growers ETF $CGDG

Capital Analysts LLC raised its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 141.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,825 shares of the company’s stock after purchasing an additional 29,216 shares during the quarter. Capital Analysts LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Trinity Wealth Management LLC increased 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 worth $503,000 after buying an additional 271 shares during the period. Concorde Asset Management LLC grew its holdings in Capital Group Dividend Growers ETF by 3.9% in the 4th quarter. Concorde Asset Management LLC now owns 7,944 shares of the company’s stock worth $283,000 after acquiring an additional 295 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in Capital Group Dividend Growers ETF by 2.3% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 13,787 shares of the company’s stock worth $491,000 after acquiring an additional 307 shares during the last quarter. Summit Global Investments increased its position in shares of 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 period. Finally, Sunbelt Securities Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 17.3% during the first 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 last quarter.

Capital Group Dividend Growers ETF Trading Down 0.4%

Shares of NYSEARCA:CGDG opened at $38.09 on Friday. The company has a 50-day moving average price of $38.42 and a 200-day moving average price of $37.48. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48. Capital Group Dividend Growers ETF has a 12 month low of $34.04 and a 12 month high of $39.15.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.3865 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.14.

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.