Capital Group Dividend Growers ETF $CGDG Shares Acquired by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management grew its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 85.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,960 shares of the company’s stock after purchasing an additional 20,715 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Dividend Growers ETF were worth $1,558,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Growers ETF by 37.6% during the third quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock worth $278,475,000 after buying an additional 2,194,089 shares in the last quarter. Advance Capital Management Inc. increased its holdings in Capital Group Dividend Growers ETF by 96.6% in the third quarter. Advance Capital Management Inc. now owns 5,249,253 shares of the company’s stock valued at $181,887,000 after buying an additional 2,579,574 shares in the last quarter. Raymond James Financial Inc. increased its holdings in 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 buying an additional 839,799 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Capital Group Dividend Growers ETF by 12.8% in the second quarter. Cetera Investment Advisers now owns 1,758,205 shares of the company’s stock worth $59,128,000 after acquiring an additional 199,892 shares during the period. Finally, Confluence Wealth Services Inc. raised its position in shares of Capital Group Dividend Growers ETF by 4.1% in the third quarter. Confluence Wealth Services Inc. now owns 1,730,340 shares of the company’s stock worth $59,956,000 after acquiring an additional 68,482 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.6%

CGDG stock opened at $36.56 on Tuesday. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $38.00. The firm has a market cap of $4.41 billion, a P/E ratio of 20.18 and a beta of 0.56. The company’s 50-day simple moving average is $36.87 and its 200-day simple moving average is $35.62.

Capital Group Dividend Growers ETF Increases Dividend

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

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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.