Sweeney & Michel LLC Purchases New Shares in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Sweeney & Michel LLC purchased a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 267,155 shares of the company’s stock, valued at approximately $7,734,000. Capital Group Dividend Growers ETF comprises about 3.4% of Sweeney & Michel LLC’s investment portfolio, making the stock its 8th biggest position. Sweeney & Michel LLC owned about 2.30% of Capital Group Dividend Growers ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in Capital Group Dividend Growers ETF in the 4th quarter valued at $52,000. Sunbelt Securities Inc. acquired a new position in Capital Group Dividend Growers ETF in the 1st quarter valued at $66,000. Tempus Wealth Planning LLC acquired a new position in Capital Group Dividend Growers ETF in the 4th quarter valued at $211,000. Trueblood Wealth Management LLC acquired a new position in Capital Group Dividend Growers ETF in the 1st quarter valued at $227,000. Finally, Mayflower Financial Advisors LLC acquired a new position in Capital Group Dividend Growers ETF in the 4th quarter valued at $315,000.

Capital Group Dividend Growers ETF Stock Performance

CGDG traded down $0.03 during trading on Tuesday, hitting $29.07. The stock had a trading volume of 119,578 shares, compared to its average volume of 274,662. The firm has a market capitalization of $337.21 million, a P/E ratio of 17.10 and a beta of 0.82. The company’s 50-day moving average price is $28.88 and its 200 day moving average price is $28.26. Capital Group Dividend Growers ETF has a twelve month low of $24.01 and a twelve month high of $29.52.

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.