Truist Financial Corp Purchases 83,180 Shares of Capital Group Dividend Growers ETF $CGDG

Truist Financial Corp grew its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 47.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 258,587 shares of the company’s stock after buying an additional 83,180 shares during the period. Truist Financial Corp owned 0.25% of Capital Group Dividend Growers ETF worth $8,960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CGDG. Trust Co. of Vermont purchased a new position in Capital Group Dividend Growers ETF during the third quarter valued at $30,000. Sittner & Nelson LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the second quarter worth approximately $34,000. Allworth Financial LP grew its position in Capital Group Dividend Growers ETF by 295.5% in the 2nd quarter. Allworth Financial LP now owns 5,854 shares of the company’s stock worth $197,000 after purchasing an additional 4,374 shares during the period. TCP Asset Management LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the second quarter worth $203,000. Finally, Centaurus Financial Inc. boosted its position in Capital Group Dividend Growers ETF by 11.3% in the second quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock worth $213,000 after purchasing an additional 642 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.8%

Shares of NYSEARCA CGDG opened at $36.48 on Monday. The firm has a 50 day moving average of $35.97 and a 200 day moving average of $34.97. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $36.96.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1841 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.0%. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 26th.

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.