Capital Group Dividend Growers ETF $CGDG Stock: Commonwealth Equity Services LLC Reduces Holdings

Commonwealth Equity Services LLC lessened its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,527,896 shares of the company’s stock after selling 41,141 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.64% of Capital Group Dividend Growers ETF worth $93,608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Provenance Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the third quarter worth $27,000. Signature Equity Partners LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $911,000. Security Financial Services INC. lifted its position in shares of Capital Group Dividend Growers ETF by 3.4% in the 3rd quarter. Security Financial Services INC. now owns 27,173 shares of the company’s stock worth $1,006,000 after acquiring an additional 893 shares during the period. Vise Technologies Inc. lifted its position in shares of Capital Group Dividend Growers ETF by 32.7% in the 3rd quarter. Vise Technologies Inc. now owns 14,087 shares of the company’s stock worth $522,000 after acquiring an additional 3,470 shares during the period. Finally, BNB Wealth Management LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 6.4% during the 3rd quarter. BNB Wealth Management LLC now owns 126,564 shares of the company’s stock worth $4,687,000 after purchasing an additional 7,632 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.4%

CGDG opened at $37.84 on Friday. The stock has a market cap of $5.84 billion, a PE ratio of 20.18 and a beta of 0.48. Capital Group Dividend Growers ETF has a 1 year low of $34.24 and a 1 year high of $39.15. The stock’s 50 day simple moving average is $37.92 and its 200-day simple moving average is $37.49.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a $0.1611 dividend. This represents a $0.64 annualized dividend and a yield of 1.7%. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. The ex-dividend date of this dividend was Wednesday, September 30th.

Capital Group Dividend Growers ETF Company 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.