NavPoint Financial Inc. Raises Holdings in Capital Group Dividend Growers ETF $CGDG

NavPoint Financial Inc. increased its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 98.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,916 shares of the company’s stock after buying an additional 44,663 shares during the period. Capital Group Dividend Growers ETF accounts for about 1.6% of NavPoint Financial Inc.’s investment portfolio, making the stock its 18th biggest position. NavPoint Financial Inc. owned about 0.09% of Capital Group Dividend Growers ETF worth $3,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Capital Group Dividend Growers ETF by 93.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 365,401 shares of the company’s stock valued at $11,309,000 after buying an additional 176,945 shares during the period. Advance Capital Management Inc. purchased a new position in shares of Capital Group Dividend Growers ETF during the second quarter valued at approximately $89,781,000. Oak Hill Wealth Advisors LLC raised its holdings in shares of Capital Group Dividend Growers ETF by 34.7% in the second quarter. Oak Hill Wealth Advisors LLC now owns 59,577 shares of the company’s stock worth $2,012,000 after buying an additional 15,350 shares during the period. Venture Visionary Partners LLC boosted its holdings in Capital Group Dividend Growers ETF by 169.4% during the 2nd quarter. Venture Visionary Partners LLC now owns 18,934 shares of the company’s stock valued at $637,000 after acquiring an additional 11,907 shares during the period. Finally, Sovran Advisors LLC grew its position in Capital Group Dividend Growers ETF by 213.4% in the 2nd quarter. Sovran Advisors LLC now owns 51,662 shares of the company’s stock valued at $1,745,000 after acquiring an additional 35,179 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.5%

NYSEARCA:CGDG opened at $35.49 on Friday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a twelve month low of $27.62 and a twelve month high of $35.85. The stock has a fifty day simple moving average of $35.13 and a 200-day simple moving average of $34.34.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.149 per share. 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.