Capital Group Dividend Growers ETF $CGDG Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. decreased its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 21.6% during the 3rd quarter, Holdings Channel reports. The firm owned 280,162 shares of the company’s stock after selling 77,092 shares during the period. Harbour Investments Inc.’s holdings in Capital Group Dividend Growers ETF were worth $10,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Baird Financial Group Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 27.4% in the second quarter. Baird Financial Group Inc. now owns 186,756 shares of the company’s stock valued at $7,005,000 after buying an additional 40,153 shares in the last quarter. Hopwood Nicholas Hunter acquired a new position in Capital Group Dividend Growers ETF during the second quarter worth $6,590,000. Ameritas Advisory Services LLC increased its holdings in Capital Group Dividend Growers ETF by 59.6% during the second quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock worth $5,431,000 after buying an additional 54,063 shares during the last quarter. Allworth Financial LP increased its holdings in Capital Group Dividend Growers ETF by 34.5% during the second quarter. Allworth Financial LP now owns 59,620 shares of the company’s stock worth $2,236,000 after buying an additional 15,304 shares during the last quarter. Finally, Private Client Services LLC raised its position in Capital Group Dividend Growers ETF by 187.2% during the second quarter. Private Client Services LLC now owns 26,220 shares of the company’s stock worth $984,000 after acquiring an additional 17,090 shares in the last quarter.

Capital Group Dividend Growers ETF Price Performance

NYSEARCA CGDG traded up $0.08 on Friday, hitting $38.89. 616,818 shares of the stock were exchanged, compared to its average volume of 692,309. The business’s fifty day moving average is $37.93 and its 200 day moving average is $37.55. Capital Group Dividend Growers ETF has a 52 week low of $34.24 and a 52 week high of $39.15. The company has a market capitalization of $6.06 billion, a PE ratio of 20.38 and a beta of 0.49.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1611 dividend. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%.

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.