NewEdge Advisors LLC Boosts Stock Holdings in Capital Group Dividend Growers ETF $CGDG

NewEdge Advisors LLC lifted its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 34.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,560 shares of the company’s stock after acquiring an additional 85,512 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $11,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group Dividend Growers ETF in the 4th quarter worth approximately $25,000. Ancora Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $48,000. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the 1st quarter worth $50,000. Sunbelt Securities Inc. increased its holdings in shares of Capital Group Dividend Growers ETF by 17.3% in the 1st quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock worth $97,000 after purchasing an additional 398 shares in the last quarter. Finally, Arax Advisory Partners raised its stake in shares of Capital Group Dividend Growers ETF by 919.0% in the fourth quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock worth $105,000 after purchasing an additional 2,665 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

Shares of NYSEARCA:CGDG opened at $39.00 on Friday. The company has a market cap of $5.62 billion, a P/E ratio of 20.18 and a beta of 0.49. Capital Group Dividend Growers ETF has a 1 year low of $33.56 and a 1 year high of $39.02. The stock’s fifty day moving average price is $37.80 and its 200-day moving average price is $37.19.

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.