Valmark Advisers Inc. Boosts Stock Holdings in Capital Group Dividend Growers ETF $CGDG

Valmark Advisers Inc. raised its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 186.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,079,344 shares of the company’s stock after acquiring an additional 1,352,510 shares during the period. Capital Group Dividend Growers ETF makes up 0.9% of Valmark Advisers Inc.’s portfolio, making the stock its 23rd largest holding. Valmark Advisers Inc. owned approximately 1.59% of Capital Group Dividend Growers ETF worth $74,648,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Capital International Investors grew its position in shares of Capital Group Dividend Growers ETF by 0.8% during the fourth quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock valued at $615,002,000 after purchasing an additional 140,767 shares in the last quarter. LPL Financial LLC lifted its position in shares of Capital Group Dividend Growers ETF by 25.0% in the fourth quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock worth $343,966,000 after buying an additional 1,929,512 shares in the last quarter. Advance Capital Management Inc. boosted its stake in Capital Group Dividend Growers ETF by 2.4% during the fourth quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock valued at $191,527,000 after buying an additional 124,692 shares during the last quarter. Capital Group Private Client Services Inc. boosted its stake in Capital Group Dividend Growers ETF by 9.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock valued at $184,643,000 after buying an additional 461,101 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Capital Group Dividend Growers ETF by 17.3% during the 4th quarter. Raymond James Financial Inc. now owns 4,159,257 shares of the company’s stock valued at $148,236,000 after buying an additional 612,090 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.1%

NYSEARCA CGDG traded up $0.02 during trading on Friday, hitting $37.81. 420,264 shares of the stock traded hands, compared to its average volume of 743,361. Capital Group Dividend Growers ETF has a 12-month low of $32.90 and a 12-month high of $38.25. The firm has a 50-day simple moving average of $37.45 and a 200-day simple moving average of $36.90. The company has a market capitalization of $5.29 billion, a P/E ratio of 20.18 and a beta of 0.49.

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.