Capital Group Dividend Growers ETF $CGDG Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,661,858 shares of the company’s stock after buying an additional 93,549 shares during the period. Capital Group Dividend Growers ETF comprises approximately 3.0% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 9th largest holding. Confluence Wealth Services Inc. owned approximately 2.05% of Capital Group Dividend Growers ETF worth $55,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC acquired a new position in Capital Group Dividend Growers ETF during the second quarter worth $237,000. Merit Financial Group LLC increased its stake in shares of Capital Group Dividend Growers ETF by 142.3% during the second quarter. Merit Financial Group LLC now owns 143,342 shares of the company’s stock worth $4,821,000 after purchasing an additional 84,190 shares in the last quarter. Simplicity Wealth LLC raised its position in shares of Capital Group Dividend Growers ETF by 122.6% during the 2nd quarter. Simplicity Wealth LLC now owns 37,886 shares of the company’s stock worth $1,274,000 after purchasing an additional 20,863 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Capital Group Dividend Growers ETF in the 2nd quarter valued at about $269,000. Finally, Berger Financial Group Inc lifted its stake in Capital Group Dividend Growers ETF by 44.9% in the 2nd quarter. Berger Financial Group Inc now owns 12,751 shares of the company’s stock valued at $429,000 after buying an additional 3,950 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.4%

CGDG stock opened at $34.97 on Monday. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $35.06. The business’s 50-day moving average is $34.16 and its 200 day moving average is $32.82. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.149 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

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.