Gateway Wealth Partners LLC grew its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Free Report) by 397.1% in the first quarter, Holdings Channel.com reports. The fund owned 270,074 shares of the company’s stock after purchasing an additional 215,740 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Dividend Growers ETF were worth $9,696,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group Dividend Growers ETF in the 4th quarter worth approximately $25,000. Ancora Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the third quarter worth $48,000. Pinnacle Bancorp Inc. purchased a new stake in Capital Group Dividend Growers ETF during the first quarter worth $50,000. Arax Advisory Partners grew its holdings in Capital Group Dividend Growers ETF by 919.0% in the fourth quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock valued at $105,000 after purchasing an additional 2,665 shares during the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Capital Group Dividend Growers ETF in the fourth quarter valued at $110,000.
Capital Group Dividend Growers ETF Price Performance
NYSEARCA:CGDG opened at $38.23 on Monday. Capital Group Dividend Growers ETF has a 52-week low of $32.90 and a 52-week high of $38.37. The company has a market capitalization of $5.42 billion, a PE ratio of 20.18 and a beta of 0.49. The stock has a fifty day simple moving average of $37.58 and a 200-day simple moving average of $37.05.
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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.
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