Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Free Report) by 21.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,952,447 shares of the company’s stock after acquiring an additional 699,848 shares during the period. Capital Group Dividend Growers ETF makes up 3.8% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 6th largest holding. Confluence Wealth Services Inc. owned about 2.52% of Capital Group Dividend Growers ETF worth $146,359,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Investment Advisers lifted its holdings in shares of Capital Group Dividend Growers ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after purchasing an additional 648,834 shares during the last quarter. Royal Bank of Canada increased its position in Capital Group Dividend Growers ETF by 11.5% during the 1st quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock valued at $93,258,000 after buying an additional 266,980 shares in the last quarter. Sei Investments Co. increased its position in Capital Group Dividend Growers ETF by 36.5% during the 1st quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock valued at $42,656,000 after buying an additional 317,794 shares in the last quarter. J. Derek Lewis & Associates Inc. raised its stake in Capital Group Dividend Growers ETF by 13.3% during the third quarter. J. Derek Lewis & Associates Inc. now owns 861,026 shares of the company’s stock valued at $31,889,000 after buying an additional 100,834 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Capital Group Dividend Growers ETF by 10.8% in the first quarter. Assetmark Inc. now owns 625,780 shares of the company’s stock worth $22,466,000 after acquiring an additional 61,058 shares in the last quarter.
Capital Group Dividend Growers ETF Trading Up 0.2%
Capital Group Dividend Growers ETF stock opened at $38.69 on Wednesday. Capital Group Dividend Growers ETF has a 12 month low of $34.24 and a 12 month high of $39.15. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48. The business’s fifty day simple moving average is $37.92 and its two-hundred day simple moving average is $37.52.
Capital Group Dividend Growers ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1611 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865.
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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