Capital Group Dividend Growers ETF $CGDG Stock Position Lessened by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC trimmed its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 59.7% during the third quarter, Holdings Channel.com reports. The firm owned 9,751 shares of the company’s stock after selling 14,456 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Trust Co. of Vermont bought a new position in Capital Group Dividend Growers ETF in the 3rd quarter valued at about $30,000. Sittner & Nelson LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 2nd quarter worth approximately $34,000. Allworth Financial LP boosted its holdings in shares of 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 acquiring an additional 4,374 shares in the last quarter. TCP Asset Management LLC acquired a new position in shares of Capital Group Dividend Growers ETF during the second quarter valued at approximately $203,000. Finally, Centaurus Financial Inc. increased its stake in shares of Capital Group Dividend Growers ETF by 11.3% during the second quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock valued at $213,000 after acquiring an additional 642 shares during the period.

Capital Group Dividend Growers ETF Price Performance

CGDG opened at $37.24 on Monday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 1-year low of $27.62 and a 1-year high of $37.27. The business has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $35.07.

Capital Group Dividend Growers ETF Increases Dividend

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

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.