U.S. Capital Wealth Advisors LLC Boosts Stake in Capital Group Dividend Growers ETF $CGDG

U.S. Capital Wealth Advisors LLC lifted its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 25.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 164,963 shares of the company’s stock after purchasing an additional 33,597 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $5,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Advance Capital Management Inc. purchased a new position in Capital Group Dividend Growers ETF in the 2nd quarter worth $89,781,000. Envestnet Asset Management Inc. grew its stake in 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 last quarter. Raymond James Financial Inc. increased its holdings in shares of Capital Group Dividend Growers ETF by 46.3% in the second quarter. Raymond James Financial Inc. now owns 2,652,387 shares of the company’s stock valued at $89,200,000 after purchasing an additional 839,799 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 105.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 655,048 shares of the company’s stock worth $22,029,000 after purchasing an additional 336,840 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 20.3% during the second quarter. Commonwealth Equity Services LLC now owns 1,898,865 shares of the company’s stock worth $63,859,000 after purchasing an additional 320,534 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.5%

Shares of NYSEARCA CGDG opened at $35.65 on Friday. The business’s 50 day moving average price is $35.16 and its 200 day moving average price is $34.36. 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 has a 52 week low of $27.62 and a 52 week high of $35.85.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.