Founders Financial Alliance LLC Acquires 15,048 Shares of Capital Group Dividend Growers ETF $CGDG

Founders Financial Alliance LLC grew its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 165,761 shares of the company’s stock after purchasing an additional 15,048 shares during the period. Capital Group Dividend Growers ETF makes up approximately 1.1% of Founders Financial Alliance LLC’s portfolio, making the stock its 19th biggest holding. Founders Financial Alliance LLC’s holdings in Capital Group Dividend Growers ETF were worth $5,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Capital International Investors boosted its stake in shares of Capital Group Dividend Growers ETF by 0.8% during the fourth quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock valued at $615,002,000 after purchasing an additional 140,767 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 25.0% during the fourth quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock valued at $343,966,000 after purchasing an additional 1,929,512 shares in the last quarter. Advance Capital Management Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 2.4% during the fourth quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock valued at $191,527,000 after purchasing an additional 124,692 shares in the last quarter. Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 9.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock valued at $184,643,000 after purchasing an additional 461,101 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Capital Group Dividend Growers ETF by 33.7% in the third quarter. Raymond James Financial Inc. now owns 3,547,167 shares of the company’s stock worth $122,909,000 after acquiring an additional 894,780 shares during the period.

Capital Group Dividend Growers ETF Price Performance

Capital Group Dividend Growers ETF stock opened at $37.55 on Friday. The stock’s 50 day moving average is $37.11 and its 200 day moving average is $36.60. The firm has a market cap of $4.92 billion, a P/E ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a one year low of $32.74 and a one year high of $38.00.

About Capital Group Dividend Growers ETF

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.