RM Financial Services LLC Takes $10.98 Million Position in Capital Group Dividend Growers ETF $CGDG

RM Financial Services LLC purchased a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 307,940 shares of the company’s stock, valued at approximately $10,975,000. Capital Group Dividend Growers ETF makes up 9.7% of RM Financial Services LLC’s investment portfolio, making the stock its biggest position.

Other large investors have also added to or reduced their stakes in the company. RFG Advisory LLC lifted its stake in shares of Capital Group Dividend Growers ETF by 217.8% in the fourth quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock valued at $5,076,000 after buying an additional 97,611 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Capital Group Dividend Growers ETF by 40.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 164,128 shares of the company’s stock worth $5,850,000 after acquiring an additional 47,672 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Capital Group Dividend Growers ETF by 11.5% in the 4th quarter. Assetmark Inc. now owns 564,722 shares of the company’s stock worth $20,127,000 after acquiring an additional 58,154 shares during the last quarter. UBS Group AG raised its holdings in shares of Capital Group Dividend Growers ETF by 19.0% in the 4th quarter. UBS Group AG now owns 930,806 shares of the company’s stock worth $33,174,000 after acquiring an additional 148,596 shares during the last quarter. Finally, NavPoint Financial Inc. lifted its position in Capital Group Dividend Growers ETF by 48.6% in the 4th quarter. NavPoint Financial Inc. now owns 133,607 shares of the company’s stock valued at $4,762,000 after acquiring an additional 43,691 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

CGDG stock opened at $36.96 on Thursday. The business has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $36.58. The company has a market capitalization of $4.84 billion, a P/E ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 52-week low of $32.74 and a 52-week high of $38.00.

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.