Oak Hill Wealth Advisors LLC Has $2.75 Million Stock Position in Capital Group Dividend Growers ETF $CGDG

Oak Hill Wealth Advisors LLC increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 33.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 79,464 shares of the company’s stock after purchasing an additional 19,887 shares during the period. Oak Hill Wealth Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $2,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 143.3% in the 3rd quarter. Park Avenue Securities LLC now owns 48,489 shares of the company’s stock valued at $1,680,000 after purchasing an additional 28,556 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Capital Group Dividend Growers ETF by 23.1% in the third quarter. Benjamin Edwards Inc. now owns 598,370 shares of the company’s stock valued at $20,733,000 after buying an additional 112,201 shares in the last quarter. Flputnam Investment Management Co. boosted its position in Capital Group Dividend Growers ETF by 49.4% in the third quarter. Flputnam Investment Management Co. now owns 47,985 shares of the company’s stock valued at $1,663,000 after buying an additional 15,856 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Capital Group Dividend Growers ETF by 25.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 164,963 shares of the company’s stock worth $5,716,000 after buying an additional 33,597 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in shares of Capital Group Dividend Growers ETF by 45.3% during the third quarter. Mayflower Financial Advisors LLC now owns 82,064 shares of the company’s stock worth $2,844,000 after buying an additional 25,580 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG opened at $36.31 on Friday. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $36.88. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The stock has a fifty day moving average of $35.74 and a 200-day moving average of $34.84.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1841 dividend. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, December 26th.

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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.