Valmark Advisers Inc. Acquires 1,352,510 Shares of Capital Group Dividend Growers ETF $CGDG

Valmark Advisers Inc. increased its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 186.1% in the 1st quarter, HoldingsChannel reports. The fund owned 2,079,344 shares of the company’s stock after acquiring an additional 1,352,510 shares during the period. Capital Group Dividend Growers ETF accounts for approximately 0.9% of Valmark Advisers Inc.’s holdings, making the stock its 23rd largest holding. Valmark Advisers Inc.’s holdings in Capital Group Dividend Growers ETF were worth $74,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its holdings in Capital Group Dividend Growers ETF by 330.8% during the 4th quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock valued at $1,557,000 after buying an additional 33,546 shares during the period. RFG Advisory LLC lifted its position in Capital Group Dividend Growers ETF by 217.8% in the fourth quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock worth $5,076,000 after buying an additional 97,611 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Capital Group Dividend Growers ETF by 40.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 164,128 shares of the company’s stock worth $5,850,000 after buying an additional 47,672 shares during the period. UBS Group AG boosted its stake in Capital Group Dividend Growers ETF by 19.0% during the fourth quarter. UBS Group AG now owns 930,806 shares of the company’s stock worth $33,174,000 after buying an additional 148,596 shares during the period. Finally, Swisher Financial Concepts Inc. increased its position in Capital Group Dividend Growers ETF by 6.5% during the first quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock valued at $7,984,000 after acquiring an additional 13,623 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

Shares of CGDG traded up $0.02 during midday trading on Friday, hitting $37.81. The stock had a trading volume of 420,264 shares, compared to its average volume of 743,361. Capital Group Dividend Growers ETF has a 1 year low of $32.90 and a 1 year high of $38.25. The firm has a market cap of $5.29 billion, a PE ratio of 20.18 and a beta of 0.49. The stock’s 50 day moving average is $37.45 and its 200 day moving average is $36.90.

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.