Signature Equity Partners LLC purchased a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,591 shares of the company’s stock, valued at approximately $911,000.
Several other large investors have also recently bought and sold shares of the stock. Baird Financial Group Inc. raised its stake in Capital Group Dividend Growers ETF by 27.4% in the 2nd quarter. Baird Financial Group Inc. now owns 186,756 shares of the company’s stock worth $7,005,000 after purchasing an additional 40,153 shares in the last quarter. Hopwood Nicholas Hunter acquired a new stake in shares of Capital Group Dividend Growers ETF in the 2nd quarter valued at $6,590,000. Ameritas Advisory Services LLC grew its position in Capital Group Dividend Growers ETF by 59.6% in the second quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock valued at $5,431,000 after acquiring an additional 54,063 shares during the last quarter. Allworth Financial LP raised its stake in Capital Group Dividend Growers ETF by 34.5% during the second quarter. Allworth Financial LP now owns 59,620 shares of the company’s stock worth $2,236,000 after acquiring an additional 15,304 shares in the last quarter. Finally, Private Client Services LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 187.2% in the second quarter. Private Client Services LLC now owns 26,220 shares of the company’s stock worth $984,000 after acquiring an additional 17,090 shares during the last quarter.
Capital Group Dividend Growers ETF Trading Up 0.4%
CGDG stock opened at $38.57 on Tuesday. The firm has a 50-day moving average price of $37.96 and a 200-day moving average price of $37.46. The stock has a market capitalization of $5.93 billion, a P/E ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 12 month low of $34.24 and a 12 month high of $39.15.
Capital Group Dividend Growers ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.1611 dividend. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 30th.
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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