Capital Group Dividend Growers ETF $CGDG Stock Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 44.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,701 shares of the company’s stock after selling 25,017 shares during the period. Sigma Planning Corp’s holdings in Capital Group Dividend Growers ETF were worth $1,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its stake in Capital Group Dividend Growers ETF by 27.4% during the 2nd quarter. Baird Financial Group Inc. now owns 186,756 shares of the company’s stock valued at $7,005,000 after purchasing an additional 40,153 shares in the last quarter. Latitude Advisors LLC increased its stake in shares of Capital Group Dividend Growers ETF by 47.6% in the first quarter. Latitude Advisors LLC now owns 53,638 shares of the company’s stock worth $1,926,000 after buying an additional 17,300 shares during the last quarter. Hopwood Nicholas Hunter acquired a new stake in Capital Group Dividend Growers ETF in the second quarter valued at $6,590,000. Ameritas Advisory Services LLC grew its holdings in Capital Group Dividend Growers ETF by 59.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock worth $5,431,000 after acquiring an additional 54,063 shares in the last quarter. Finally, Private Client Services LLC increased its position in shares of 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 worth $984,000 after purchasing an additional 17,090 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG stock opened at $38.55 on Friday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a one year low of $34.24 and a one year high of $39.15. The company’s 50-day simple moving average is $37.97 and its 200-day simple moving average is $37.44.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.