Vicus Capital Purchases New Position in Capital Group Dividend Growers ETF $CGDG

Vicus Capital acquired a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,327 shares of the company’s stock, valued at approximately $347,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter worth $38,000. AdvisorNet Financial Inc boosted its holdings in Capital Group Dividend Growers ETF by 483.6% in the second quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock worth $44,000 after purchasing an additional 1,088 shares in the last quarter. Allworth Financial LP increased its position in Capital Group Dividend Growers ETF by 136.4% during the first quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $46,000 after buying an additional 854 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in Capital Group Dividend Growers ETF by 27.4% during the first quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock valued at $46,000 after buying an additional 320 shares in the last quarter. Finally, Capital Analysts LLC bought a new position in Capital Group Dividend Growers ETF during the first quarter valued at about $50,000.

Capital Group Dividend Growers ETF Stock Performance

CGDG opened at $34.84 on Friday. The company has a market cap of $2.92 billion, a PE ratio of 20.18 and a beta of 0.82. The stock has a 50-day moving average of $34.14 and a 200-day moving average of $32.77. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $34.99.

Capital Group Dividend Growers ETF Cuts Dividend

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

Capital Group Dividend Growers ETF 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.