8,194 Shares in Capital Group Dividend Growers ETF $CGDG Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,194 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL grew its position in Capital Group Dividend Growers ETF by 27.4% in the first quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock worth $46,000 after acquiring an additional 320 shares in the last quarter. Comerica Bank lifted its stake in shares of Capital Group Dividend Growers ETF by 1.0% in the 1st quarter. Comerica Bank now owns 50,022 shares of the company’s stock valued at $1,546,000 after purchasing an additional 493 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in Capital Group Dividend Growers ETF by 1.2% in the second quarter. Mayflower Financial Advisors LLC now owns 56,484 shares of the company’s stock worth $1,900,000 after purchasing an additional 668 shares in the last quarter. Flputnam Investment Management Co. increased its position in Capital Group Dividend Growers ETF by 2.2% during the first quarter. Flputnam Investment Management Co. now owns 39,532 shares of the company’s stock worth $1,222,000 after buying an additional 851 shares during the last quarter. Finally, Sittner & Nelson LLC acquired a new position in Capital Group Dividend Growers ETF during the second quarter worth $34,000.

Capital Group Dividend Growers ETF Price Performance

NYSEARCA CGDG opened at $35.64 on Thursday. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.74. The stock’s 50-day moving average is $34.86 and its two-hundred day moving average is $33.99. The firm has a market cap of $3.67 billion, a P/E ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.149 dividend. 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.

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.