Harbour Investments Inc. Raises Holdings in Capital Group Dividend Growers ETF $CGDG

Harbour Investments Inc. grew its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 68.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 170,062 shares of the company’s stock after purchasing an additional 69,106 shares during the quarter. Harbour Investments Inc. owned approximately 0.21% of Capital Group Dividend Growers ETF worth $5,719,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CGDG. ORG Partners LLC purchased a new stake in Capital Group Dividend Growers ETF in the first quarter valued at approximately $38,000. AdvisorNet Financial Inc lifted its stake in Capital Group Dividend Growers ETF by 483.6% in the second quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock valued at $44,000 after buying an additional 1,088 shares during the last quarter. Allworth Financial LP lifted its stake in Capital Group Dividend Growers ETF by 136.4% in the first quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock valued at $46,000 after buying an additional 854 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in Capital Group Dividend Growers ETF by 27.4% in the first quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock valued at $46,000 after buying an additional 320 shares during the last quarter. Finally, Capital Analysts LLC purchased a new stake in Capital Group Dividend Growers ETF in the first quarter valued at approximately $50,000.

Capital Group Dividend Growers ETF Trading Up 0.4%

Shares of NYSEARCA CGDG opened at $34.60 on Wednesday. Capital Group Dividend Growers ETF has a twelve month low of $27.62 and a twelve month high of $35.08. The stock has a 50 day moving average of $34.32 and a two-hundred day moving average of $32.97. The stock has a market cap of $3.43 billion, a P/E ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.149 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%.

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.