J. Derek Lewis & Associates Inc. lifted its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Free Report) by 20.0% during the first quarter, HoldingsChannel.com reports. The fund owned 676,165 shares of the company’s stock after buying an additional 112,824 shares during the quarter. Capital Group Dividend Growers ETF makes up approximately 5.4% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 3rd biggest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Dividend Growers ETF were worth $24,307,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of CGDG. NewEdge Advisors LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 13.8% in the first quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock valued at $902,000 after purchasing an additional 3,550 shares during the period. First Trust Advisors LP purchased a new position in Capital Group Dividend Growers ETF during the 2nd quarter worth $372,000. Sei Investments Co. increased its holdings in Capital Group Dividend Growers ETF by 2,931.9% during the 2nd quarter. Sei Investments Co. now owns 255,957 shares of the company’s stock worth $8,608,000 after purchasing an additional 247,515 shares during the period. Main Street Financial Solutions LLC bought a new stake in Capital Group Dividend Growers ETF during the 2nd quarter valued at $507,000. Finally, Betterment LLC bought a new stake in Capital Group Dividend Growers ETF during the 2nd quarter valued at $1,130,000.
Capital Group Dividend Growers ETF Trading Up 0.8%
Shares of CGDG stock opened at $38.43 on Friday. Capital Group Dividend Growers ETF has a twelve month low of $32.90 and a twelve month high of $38.54. The stock has a fifty day simple moving average of $37.66 and a two-hundred day simple moving average of $37.11. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49.
About Capital Group Dividend Growers ETF
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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Want to see what other hedge funds are holding CGDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Dividend Growers ETF (NYSEARCA:CGDG – Free Report).
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