Summit Global Investments Buys Shares of 8,194 Capital Group Dividend Growers ETF $CGDG

Summit Global Investments purchased a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,194 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors also recently made changes to their positions in the company. Advance Capital Management Inc. acquired a new position in shares of Capital Group Dividend Growers ETF during the second quarter valued at approximately $89,781,000. LPL Financial LLC boosted its stake in Capital Group Dividend Growers ETF by 92.6% during the 1st quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock valued at $84,574,000 after purchasing an additional 1,315,981 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Dividend Growers ETF by 17.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock valued at $196,491,000 after purchasing an additional 886,442 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Capital Group Dividend Growers ETF by 44.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,578,331 shares of the company’s stock worth $48,770,000 after buying an additional 484,275 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Capital Group Dividend Growers ETF by 26.1% during the first quarter. Raymond James Financial Inc. now owns 1,812,588 shares of the company’s stock valued at $56,009,000 after buying an additional 374,743 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.9%

NYSEARCA:CGDG opened at $35.64 on Thursday. The business’s 50-day moving average price is $34.86 and its 200 day moving average price is $33.99. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $35.74. The firm has a market cap of $3.67 billion, a P/E ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.