VestGen Advisors LLC Reduces Holdings in Capital Group Dividend Growers ETF $CGDG

VestGen Advisors LLC lowered its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,907 shares of the company’s stock after selling 2,998 shares during the quarter. VestGen Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $9,178,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CGDG. Advance Capital Management Inc. purchased a new position in shares of Capital Group Dividend Growers ETF during the 2nd quarter worth about $89,781,000. Envestnet Asset Management Inc. lifted its stake in Capital Group Dividend Growers ETF by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock worth $196,491,000 after purchasing an additional 886,442 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Capital Group Dividend Growers ETF by 44.3% in the first quarter. Commonwealth Equity Services LLC now owns 1,578,331 shares of the company’s stock worth $48,770,000 after purchasing an additional 484,275 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of 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 during the period. Finally, Vestmark Advisory Solutions Inc. boosted its position in shares of Capital Group Dividend Growers ETF by 105.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 655,048 shares of the company’s stock valued at $22,029,000 after buying an additional 336,840 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

Shares of NYSEARCA CGDG opened at $35.78 on Friday. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.79. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The business’s 50 day moving average price is $34.90 and its 200-day moving average price is $34.04.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.149 dividend. The ex-dividend date 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 Company 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.