Capital Group Dividend Growers ETF $CGDG Stake Increased by Valmark Advisers Inc.

Valmark Advisers Inc. lifted its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 597,914 shares of the company’s stock after buying an additional 34,940 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Dividend Growers ETF were worth $20,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advance Capital Management Inc. acquired a new position in Capital Group Dividend Growers ETF during the second quarter valued at $89,781,000. Envestnet Asset Management Inc. grew its stake in Capital Group Dividend Growers ETF by 17.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock valued at $196,491,000 after acquiring an additional 886,442 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Capital Group Dividend Growers ETF by 46.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,652,387 shares of the company’s stock valued at $89,200,000 after purchasing an additional 839,799 shares during the period. Fourpath Capital Management LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at about $19,752,000. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Capital Group Dividend Growers ETF by 105.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 655,048 shares of the company’s stock worth $22,029,000 after purchasing an additional 336,840 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG opened at $36.46 on Friday. The company has a market capitalization of $4.13 billion, a PE ratio of 20.18 and a beta of 0.56. The company’s 50 day moving average price is $35.48 and its 200 day moving average price is $34.66. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $36.49.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1841 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 26th.

About Capital Group Dividend Growers ETF

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.