Envestnet Asset Management Inc. Boosts Stake in Capital Group Dividend Growers ETF $CGDG

Envestnet Asset Management Inc. lifted its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 37.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,036,810 shares of the company’s stock after purchasing an additional 2,194,089 shares during the quarter. Envestnet Asset Management Inc. owned about 7.87% of Capital Group Dividend Growers ETF worth $278,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CGDG. Trust Co. of Vermont purchased a new stake in Capital Group Dividend Growers ETF in the third quarter valued at $30,000. Sittner & Nelson LLC purchased a new stake in Capital Group Dividend Growers ETF in the 2nd quarter valued at about $34,000. Allworth Financial LP lifted its position in Capital Group Dividend Growers ETF by 295.5% in the second quarter. Allworth Financial LP now owns 5,854 shares of the company’s stock valued at $197,000 after buying an additional 4,374 shares during the last quarter. TCP Asset Management LLC purchased a new position in Capital Group Dividend Growers ETF during the second quarter worth about $203,000. Finally, Centaurus Financial Inc. boosted its position in shares of Capital Group Dividend Growers ETF by 11.3% during the 2nd quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock worth $213,000 after purchasing an additional 642 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.7%

NYSEARCA:CGDG opened at $36.78 on Thursday. The stock’s fifty day moving average is $36.06 and its two-hundred day moving average is $35.03. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $36.96. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1841 dividend. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 annualized dividend and a dividend yield of 2.0%.

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.