LRI Investments LLC Acquires New Position in Capital Group Dividend Growers ETF $CGDG

LRI Investments LLC acquired a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 22,000 shares of the company’s stock, valued at approximately $740,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its holdings in shares of Capital Group Dividend Growers ETF by 4.0% during the first quarter. Park Avenue Securities LLC now owns 17,766 shares of the company’s stock valued at $549,000 after buying an additional 685 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Capital Group Dividend Growers ETF by 8.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 55,028 shares of the company’s stock worth $1,700,000 after purchasing an additional 4,472 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Capital Group Dividend Growers ETF by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 155,619 shares of the company’s stock worth $4,809,000 after purchasing an additional 4,517 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Capital Group Dividend Growers ETF in the first quarter worth $303,000. Finally, Sagespring Wealth Partners LLC boosted its position in Capital Group Dividend Growers ETF by 322.6% during the first quarter. Sagespring Wealth Partners LLC now owns 35,922 shares of the company’s stock worth $1,110,000 after purchasing an additional 27,422 shares during the period.

Capital Group Dividend Growers ETF Price Performance

CGDG stock opened at $34.04 on Friday. The company has a 50-day moving average of $34.28 and a two-hundred day moving average of $32.93. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $35.08. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a $0.149 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%.

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.