NewEdge Advisors LLC Raises Stock Position in Capital Group Dividend Growers ETF $CGDG

NewEdge Advisors LLC lifted its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 21.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400,573 shares of the company’s stock after buying an additional 70,013 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $15,026,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group Dividend Growers ETF in the fourth quarter worth about $25,000. CoreCap Advisors LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 1,458.3% in the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock worth $28,000 after purchasing an additional 700 shares during the period. Ancora Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $48,000. Pinnacle Bancorp Inc. bought a new position in Capital Group Dividend Growers ETF during the first quarter valued at $50,000. Finally, CX Institutional increased its position in Capital Group Dividend Growers ETF by 121.3% during the second quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after acquiring an additional 952 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.5%

Capital Group Dividend Growers ETF stock opened at $38.28 on Friday. Capital Group Dividend Growers ETF has a 12-month low of $34.04 and a 12-month high of $39.15. The firm has a 50-day moving average price of $38.42 and a 200-day moving average price of $37.48. The firm has a market capitalization of $5.51 billion, a PE ratio of 20.18 and a beta of 0.48.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.3865 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.14.

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.