January Capital Advisors LLC Takes $672,000 Position in Capital Group Dividend Growers ETF $CGDG

January Capital Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the first quarter, HoldingsChannel reports. The institutional investor acquired 18,728 shares of the company’s stock, valued at approximately $672,000. Capital Group Dividend Growers ETF comprises about 0.9% of January Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its stake in shares of Capital Group Dividend Growers ETF by 330.8% in the fourth quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock valued at $1,557,000 after buying an additional 33,546 shares in the last quarter. RFG Advisory LLC lifted its position in Capital Group Dividend Growers ETF by 217.8% during the 4th quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock worth $5,076,000 after buying an additional 97,611 shares in the last quarter. Swisher Financial Concepts Inc. lifted its position in Capital Group Dividend Growers ETF by 6.5% during the 1st quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock worth $7,984,000 after buying an additional 13,623 shares in the last quarter. UBS Group AG lifted its position in Capital Group Dividend Growers ETF by 19.0% during the 4th quarter. UBS Group AG now owns 930,806 shares of the company’s stock worth $33,174,000 after buying an additional 148,596 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in Capital Group Dividend Growers ETF by 40.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 164,128 shares of the company’s stock worth $5,850,000 after acquiring an additional 47,672 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.8%

CGDG opened at $38.43 on Friday. The stock has a market capitalization of $5.47 billion, a PE ratio of 20.18 and a beta of 0.49. Capital Group Dividend Growers ETF has a 1-year low of $32.90 and a 1-year high of $38.54. The firm has a 50-day moving average price of $37.66 and a two-hundred day moving average price of $37.11.

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.