Vestmark Advisory Solutions Inc. Increases Stake in Capital Group Dividend Growers ETF $CGDG

Vestmark Advisory Solutions Inc. raised its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 105.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 655,048 shares of the company’s stock after acquiring an additional 336,840 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Dividend Growers ETF were worth $22,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advance Capital Management Inc. acquired a new stake in Capital Group Dividend Growers ETF in the second quarter valued at about $89,781,000. LPL Financial LLC increased its position in Capital Group Dividend Growers ETF by 92.6% during the 1st quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock worth $84,574,000 after purchasing an additional 1,315,981 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 25.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,956,279 shares of the company’s stock worth $153,149,000 after buying an additional 1,004,711 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Capital Group Dividend Growers ETF by 44.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,578,331 shares of the company’s stock worth $48,770,000 after buying an additional 484,275 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Capital Group Dividend Growers ETF by 26.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,812,588 shares of the company’s stock valued at $56,009,000 after buying an additional 374,743 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

Capital Group Dividend Growers ETF stock opened at $34.65 on Friday. The company has a market cap of $3.57 billion, a P/E ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $35.43. The business has a fifty day moving average of $34.65 and a two-hundred day moving average of $33.59.

Capital Group Dividend Growers ETF Cuts Dividend

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

Capital Group Dividend Growers ETF Company 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.