Mutual Advisors LLC Acquires 4,729 Shares of Capital Group Dividend Growers ETF $CGDG

Mutual Advisors LLC raised its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,495 shares of the company’s stock after acquiring an additional 4,729 shares during the period. Mutual Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGDG. Advance Capital Management Inc. bought a new position in Capital Group Dividend Growers ETF in the second quarter valued at about $89,781,000. LPL Financial LLC grew its position in Capital Group Dividend Growers ETF by 92.6% in the first quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock valued at $84,574,000 after acquiring an additional 1,315,981 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Capital Group Dividend Growers ETF by 25.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,956,279 shares of the company’s stock valued at $153,149,000 after acquiring an additional 1,004,711 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Capital Group Dividend Growers ETF by 44.3% in the first quarter. Commonwealth Equity Services LLC now owns 1,578,331 shares of the company’s stock valued at $48,770,000 after acquiring an additional 484,275 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 26.1% during the first quarter. Raymond James Financial Inc. now owns 1,812,588 shares of the company’s stock valued at $56,009,000 after purchasing an additional 374,743 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.4%

Shares of CGDG stock opened at $34.78 on Friday. The business’s 50-day moving average price is $34.39 and its 200-day moving average price is $33.05. Capital Group Dividend Growers ETF has a 12 month low of $27.62 and a 12 month high of $35.08. The firm has a market capitalization of $3.47 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. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.149 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.