Moloney Securities Asset Management LLC Grows Stake in Capital Group Dividend Growers ETF $CGDG

Moloney Securities Asset Management LLC boosted its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 119.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,329 shares of the company’s stock after purchasing an additional 10,523 shares during the period. Moloney Securities Asset Management LLC’s holdings in Capital Group Dividend Growers ETF were worth $650,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Growers ETF by 25.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,956,279 shares of the company’s stock valued at $153,149,000 after purchasing an additional 1,004,711 shares in the last quarter. LPL Financial LLC increased its position in Capital Group Dividend Growers ETF by 92.6% during the first quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock worth $84,574,000 after buying an additional 1,315,981 shares in the last quarter. Advance Capital Management Inc. purchased a new position in Capital Group Dividend Growers ETF during the second quarter worth $89,781,000. Raymond James Financial Inc. increased its position in 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 worth $56,009,000 after buying an additional 374,743 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its position in Capital Group Dividend Growers ETF by 6.0% during the second quarter. Confluence Wealth Services Inc. now owns 1,661,858 shares of the company’s stock worth $55,888,000 after buying an additional 93,549 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Capital Group Dividend Growers ETF stock opened at $35.17 on Friday. The stock has a fifty day moving average of $34.50 and a two-hundred day moving average of $33.23. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.25.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 1.7%.

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.