Wedbush Securities Inc. Buys New Stake in Capital Group Dividend Growers ETF $CGDG

Wedbush Securities Inc. bought a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,187 shares of the company’s stock, valued at approximately $1,747,000.

Several other large investors have also added to or reduced their stakes in CGDG. CoreCap Advisors LLC raised its holdings in 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 in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF in the 1st quarter worth about $50,000. CX Institutional lifted its position in shares of Capital Group Dividend Growers ETF by 121.3% in the 2nd quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after purchasing an additional 952 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Capital Group Dividend Growers ETF by 17.3% in the 1st quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock worth $97,000 after purchasing an additional 398 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the 2nd quarter valued at about $119,000.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG opened at $37.87 on Monday. The firm’s 50-day moving average price is $38.01 and its 200-day moving average price is $37.76. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 1-year low of $34.24 and a 1-year high of $39.15.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1611 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a decrease from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%.

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.