Capital Group Dividend Growers ETF $CGDG Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 42.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 753,833 shares of the company’s stock after buying an additional 225,460 shares during the period. Janney Montgomery Scott LLC owned approximately 0.59% of Capital Group Dividend Growers ETF worth $27,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group Dividend Growers ETF in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new position in Capital Group Dividend Growers ETF during the third quarter worth $33,000. Ancora Advisors LLC acquired a new position in Capital Group Dividend Growers ETF during the third quarter worth $48,000. Strategic Investment Solutions Inc. IL boosted its position in Capital Group Dividend Growers ETF by 35.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares in the last quarter. Finally, Arax Advisory Partners boosted its position in Capital Group Dividend Growers ETF by 919.0% during the fourth quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock worth $105,000 after purchasing an additional 2,665 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Capital Group Dividend Growers ETF stock opened at $37.89 on Tuesday. Capital Group Dividend Growers ETF has a fifty-two week low of $32.90 and a fifty-two week high of $38.09. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. The stock’s fifty day moving average is $37.31 and its two-hundred day moving average is $36.77.

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.