Capital Analysts LLC Buys 29,216 Shares of Capital Group Dividend Growers ETF $CGDG

Capital Analysts LLC boosted its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 141.8% during the 2nd quarter, HoldingsChannel.com reports. 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.

Other hedge funds have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group Dividend Growers ETF in the 4th quarter worth $25,000. CoreCap Advisors LLC increased its position in shares of Capital Group Dividend Growers ETF by 1,458.3% during the second quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after buying an additional 700 shares during the period. Ancora Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the third quarter valued at about $48,000. Pinnacle Bancorp Inc. bought a new position in Capital Group Dividend Growers ETF in the first quarter worth about $50,000. Finally, CX Institutional raised its stake in Capital Group Dividend Growers ETF by 121.3% in the second quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after buying an additional 952 shares in the last quarter.

Capital Group Dividend Growers ETF Price Performance

Shares of CGDG opened at $38.09 on Friday. Capital Group Dividend Growers ETF has a one year low of $34.04 and a one year high of $39.15. The company has a 50-day simple moving average of $38.42 and a two-hundred day simple moving average of $37.48. The firm has a market capitalization of $5.48 billion, a PE ratio of 20.18 and a beta of 0.48.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a $0.3865 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. 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.