NavPoint Financial Inc. Makes New $253,000 Investment in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

NavPoint Financial Inc. acquired a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,187 shares of the company’s stock, valued at approximately $253,000.

Several other large investors have also made changes to their positions in CGDG. Raymond James Financial Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF in the 4th quarter valued at $42,618,000. Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 62.1% in the 4th quarter. Capital Group Private Client Services Inc. now owns 2,795,089 shares of the company’s stock valued at $82,846,000 after acquiring an additional 1,071,073 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 28.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,951,568 shares of the company’s stock valued at $117,124,000 after acquiring an additional 883,281 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Capital Group Dividend Growers ETF by 270.9% in the 4th quarter. Royal Bank of Canada now owns 1,007,708 shares of the company’s stock valued at $29,868,000 after acquiring an additional 735,987 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Capital Group Dividend Growers ETF by 2.3% in the 4th quarter. Capital International Investors now owns 17,654,280 shares of the company’s stock valued at $523,273,000 after acquiring an additional 402,482 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

CGDG stock opened at $33.06 on Friday. The firm’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $30.79. The company has a market capitalization of $2.30 billion, a P/E ratio of 20.35 and a beta of 0.82. Capital Group Dividend Growers ETF has a 12 month low of $27.62 and a 12 month high of $33.14.

Capital Group Dividend Growers ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 31st were issued a $0.1333 dividend. The ex-dividend date was Monday, March 31st.

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.