Trueblood Wealth Management LLC Acquires 5,339 Shares of Capital Group Dividend Growers ETF $CGDG

Trueblood Wealth Management LLC increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,444 shares of the company’s stock after purchasing an additional 5,339 shares during the quarter. Trueblood Wealth Management LLC owned 0.06% of Capital Group Dividend Growers ETF worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGDG. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 47.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 22,745 shares of the company’s stock valued at $703,000 after purchasing an additional 7,354 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 4.0% during the first quarter. Park Avenue Securities LLC now owns 17,766 shares of the company’s stock valued at $549,000 after purchasing an additional 685 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of Capital Group Dividend Growers ETF during the first quarter valued at $526,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 8.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 55,028 shares of the company’s stock valued at $1,700,000 after purchasing an additional 4,472 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Capital Group Dividend Growers ETF by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 155,619 shares of the company’s stock valued at $4,809,000 after acquiring an additional 4,517 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

CGDG stock opened at $35.03 on Tuesday. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.08. The business’s 50-day moving average is $34.18 and its two-hundred day moving average is $32.84. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

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