Concurrent Investment Advisors LLC Has $6.02 Million Holdings in Capital Group Dividend Growers ETF $CGDG

Concurrent Investment Advisors LLC lifted its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,946 shares of the company’s stock after acquiring an additional 9,609 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $6,018,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CGDG. Park Avenue Securities LLC grew its stake in shares of Capital Group Dividend Growers ETF by 4.0% in the first quarter. Park Avenue Securities LLC now owns 17,766 shares of the company’s stock valued at $549,000 after acquiring an additional 685 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Capital Group Dividend Growers ETF by 8.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 55,028 shares of the company’s stock valued at $1,700,000 after acquiring an additional 4,472 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Capital Group Dividend Growers ETF by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 155,619 shares of the company’s stock valued at $4,809,000 after acquiring an additional 4,517 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the first quarter valued at about $303,000. Finally, Sagespring Wealth Partners LLC grew its stake in shares of Capital Group Dividend Growers ETF by 322.6% in the first quarter. Sagespring Wealth Partners LLC now owns 35,922 shares of the company’s stock valued at $1,110,000 after acquiring an additional 27,422 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Down 2.0%

CGDG opened at $34.04 on Monday. Capital Group Dividend Growers ETF has a twelve month low of $27.62 and a twelve month high of $35.08. The company has a 50-day simple moving average of $34.28 and a 200 day simple moving average of $32.94. The stock has a market capitalization of $3.37 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 disclosed 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. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 annualized dividend and a yield of 1.8%.

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.