Capital Group Dividend Growers ETF $CGDG Stock Position Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 16.2% during the third quarter, HoldingsChannel.com reports. The firm owned 497,137 shares of the company’s stock after buying an additional 69,457 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital Group Dividend Growers ETF were worth $18,409,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Baird Financial Group Inc. raised its holdings in shares of Capital Group Dividend Growers ETF by 27.4% in the second quarter. Baird Financial Group Inc. now owns 186,756 shares of the company’s stock valued at $7,005,000 after purchasing an additional 40,153 shares during the last quarter. Hopwood Nicholas Hunter bought a new stake in Capital Group Dividend Growers ETF during the 2nd quarter worth about $6,590,000. Ameritas Advisory Services LLC lifted its position in Capital Group Dividend Growers ETF by 59.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock worth $5,431,000 after buying an additional 54,063 shares in the last quarter. Private Client Services LLC increased its position in shares of Capital Group Dividend Growers ETF by 187.2% in the second quarter. Private Client Services LLC now owns 26,220 shares of the company’s stock valued at $984,000 after acquiring an additional 17,090 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Capital Group Dividend Growers ETF by 34.5% during the second quarter. Allworth Financial LP now owns 59,620 shares of the company’s stock valued at $2,236,000 after purchasing an additional 15,304 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

NYSEARCA:CGDG opened at $37.84 on Monday. Capital Group Dividend Growers ETF has a twelve month low of $34.24 and a twelve month high of $39.15. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48. The stock’s 50 day moving average price is $37.92 and its two-hundred day moving average price is $37.49.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.1611 per share. The ex-dividend date was Wednesday, September 30th. This is a negative change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.