Cullen Frost Bankers Inc. Boosts Stake in Capital Group Dividend Growers ETF $CGDG

Cullen Frost Bankers Inc. grew its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 30.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 126,457 shares of the company’s stock after acquiring an additional 29,605 shares during the period. Cullen Frost Bankers Inc. owned about 0.16% of Capital Group Dividend Growers ETF worth $4,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter worth approximately $381,000. Smartleaf Asset Management LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 93.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 365,401 shares of the company’s stock worth $11,309,000 after acquiring an additional 176,945 shares during the period. Seamount Financial Group Inc. boosted its position in shares of Capital Group Dividend Growers ETF by 4.6% in the 1st quarter. Seamount Financial Group Inc. now owns 45,110 shares of the company’s stock worth $1,394,000 after purchasing an additional 2,001 shares in the last quarter. Advance Capital Management Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the 2nd quarter worth approximately $89,781,000. Finally, Westside Investment Management Inc. boosted its position in shares of Capital Group Dividend Growers ETF by 556.3% in the 1st quarter. Westside Investment Management Inc. now owns 2,625 shares of the company’s stock worth $81,000 after purchasing an additional 2,225 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.1%

Shares of CGDG opened at $34.88 on Thursday. The business’s 50 day moving average price is $34.45 and its 200-day moving average price is $33.14. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $35.09. The stock has a market cap of $3.48 billion, a P/E ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a $0.149 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.