NewEdge Advisors LLC Acquires 85,512 Shares of Capital Group Dividend Growers ETF $CGDG

NewEdge Advisors LLC boosted its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 34.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,560 shares of the company’s stock after purchasing an additional 85,512 shares during the quarter. NewEdge Advisors LLC owned about 0.25% of Capital Group Dividend Growers ETF worth $11,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CGDG. Global Retirement Partners LLC increased its position in Capital Group Dividend Growers ETF by 330.8% during the 4th quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock valued at $1,557,000 after buying an additional 33,546 shares in the last quarter. RFG Advisory LLC raised its stake in Capital Group Dividend Growers ETF by 217.8% during 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 during the last quarter. UBS Group AG boosted its holdings in Capital Group Dividend Growers ETF by 19.0% in the fourth 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 in the last quarter. Swisher Financial Concepts Inc. boosted its holdings in Capital Group Dividend Growers ETF by 6.5% in the first quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock worth $7,984,000 after acquiring an additional 13,623 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 11.5% in the fourth 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.

Capital Group Dividend Growers ETF Price Performance

Shares of NYSEARCA:CGDG opened at $39.00 on Friday. Capital Group Dividend Growers ETF has a 1-year low of $33.56 and a 1-year high of $39.02. The business has a fifty day moving average price of $37.80 and a 200-day moving average price of $37.19. The company has a market capitalization of $5.62 billion, a PE ratio of 20.18 and a beta of 0.49.

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.