Confluence Wealth Services Inc. Grows Position in Capital Group Dividend Growers ETF $CGDG

Confluence Wealth Services Inc. raised its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,730,340 shares of the company’s stock after acquiring an additional 68,482 shares during the quarter. Capital Group Dividend Growers ETF makes up approximately 3.0% of Confluence Wealth Services Inc.’s holdings, making the stock its 9th biggest position. Confluence Wealth Services Inc.’s holdings in Capital Group Dividend Growers ETF were worth $59,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in Capital Group Dividend Growers ETF by 565.2% during the third quarter. Stephens Inc. AR now owns 59,040 shares of the company’s stock worth $2,046,000 after purchasing an additional 50,165 shares during the last quarter. GWN Securities Inc. lifted its position in Capital Group Dividend Growers ETF by 72.3% during the 3rd quarter. GWN Securities Inc. now owns 11,057 shares of the company’s stock worth $383,000 after buying an additional 4,638 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 24.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 223,563 shares of the company’s stock worth $7,746,000 after buying an additional 44,617 shares during the last quarter. Vicus Capital boosted its stake in shares of Capital Group Dividend Growers ETF by 75.8% during the 3rd quarter. Vicus Capital now owns 18,158 shares of the company’s stock worth $629,000 after buying an additional 7,831 shares during the last quarter. Finally, Lodestone Wealth Management LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 18.8% in the 3rd quarter. Lodestone Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $524,000 after acquiring an additional 2,389 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

CGDG opened at $36.78 on Friday. The business’s 50-day simple moving average is $35.67 and its 200 day simple moving average is $34.77. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $36.88. The firm has a market capitalization of $4.26 billion, a PE ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1841 dividend. 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. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15.

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