Seamount Financial Group Inc. Increases Stake in Capital Group Dividend Growers ETF $CGDG

Seamount Financial Group Inc. boosted its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 26.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,185 shares of the company’s stock after purchasing an additional 12,075 shares during the period. Seamount Financial Group Inc.’s holdings in Capital Group Dividend Growers ETF were worth $1,923,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Dividend Growers ETF by 25.4% during the first quarter. Envestnet Asset Management Inc. now owns 4,956,279 shares of the company’s stock worth $153,149,000 after buying an additional 1,004,711 shares during the period. LPL Financial LLC increased its position in shares of Capital Group Dividend Growers ETF by 92.6% in the 1st quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock valued at $84,574,000 after acquiring an additional 1,315,981 shares during the period. Advance Capital Management Inc. purchased a new position in Capital Group Dividend Growers ETF in the 2nd quarter worth $89,781,000. Raymond James Financial Inc. lifted its position in Capital Group Dividend Growers ETF by 26.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,812,588 shares of the company’s stock worth $56,009,000 after acquiring an additional 374,743 shares during the period. Finally, Confluence Wealth Services Inc. lifted its position in Capital Group Dividend Growers ETF by 6.0% during the 2nd quarter. Confluence Wealth Services Inc. now owns 1,661,858 shares of the company’s stock worth $55,888,000 after acquiring an additional 93,549 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG stock opened at $35.03 on Tuesday. The stock’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $32.84. The firm has a market capitalization of $3.45 billion, a PE ratio of 20.18 and a beta of 0.82. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.08.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.149 per share. 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.