Northwestern Mutual Wealth Management Co. Has $77.02 Million Stake in Capital Group Dividend Growers ETF $CGDG

Northwestern Mutual Wealth Management Co. increased its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 166.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,011,123 shares of the company’s stock after acquiring an additional 1,255,064 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Dividend Growers ETF were worth $77,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $33,000. Ancora Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $48,000. Strategic Investment Solutions Inc. IL lifted its position in Capital Group Dividend Growers ETF by 35.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after buying an additional 590 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Capital Group Dividend Growers ETF by 65.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,167 shares of the company’s stock worth $144,000 after buying an additional 1,645 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $195,000.

Capital Group Dividend Growers ETF Price Performance

CGDG stock opened at $37.01 on Monday. Capital Group Dividend Growers ETF has a 12-month low of $32.00 and a 12-month high of $38.00. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 20.18 and a beta of 0.53. The company has a 50 day moving average of $36.56 and a two-hundred day moving average of $36.28.

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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.