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

Sigma Planning Corp reduced its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 44.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. CoreCap Advisors LLC lifted its stake in Capital Group Dividend Growers ETF by 1,458.3% in 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 last quarter. CX Institutional increased its stake in shares of Capital Group Dividend Growers ETF by 121.3% in the second quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after purchasing an additional 952 shares during the period. Sunbelt Securities Inc. raised its holdings 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 buying an additional 398 shares during the last quarter. GAMMA Investing LLC bought a new position in Capital Group Dividend Growers ETF in the 2nd quarter worth approximately $119,000. Finally, Western Wealth Management LLC bought a new position in shares of Capital Group Dividend Growers ETF in the first quarter worth $126,000.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG opened at $38.55 on Friday. Capital Group Dividend Growers ETF has a one year low of $34.24 and a one year high of $39.15. The stock’s fifty day moving average is $37.97 and its 200-day moving average is $37.44. The firm 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 Cuts Dividend

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

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.