Perennial Investment Advisors LLC Invests $849,000 in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Perennial Investment Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,635 shares of the company’s stock, valued at approximately $849,000. Perennial Investment Advisors LLC owned approximately 0.25% of Capital Group Dividend Growers ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CGDG. JPMorgan Chase & Co. raised its stake in shares of Capital Group Dividend Growers ETF by 53.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $34,000 after buying an additional 399 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Capital Group Dividend Growers ETF in the fourth quarter worth $59,000. IFP Advisors Inc raised its position in Capital Group Dividend Growers ETF by 8.7% in the fourth quarter. IFP Advisors Inc now owns 5,484 shares of the company’s stock worth $163,000 after acquiring an additional 438 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the fourth quarter valued at about $199,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in Capital Group Dividend Growers ETF during the fourth quarter worth about $211,000.

Capital Group Dividend Growers ETF Trading Down 5.6 %

Shares of Capital Group Dividend Growers ETF stock opened at $28.77 on Friday. The company has a 50-day moving average of $31.01 and a two-hundred day moving average of $30.55. Capital Group Dividend Growers ETF has a 12-month low of $27.18 and a 12-month high of $31.75. The stock has a market cap of $1.65 billion, a PE ratio of 20.43 and a beta of 0.82.

Capital Group Dividend Growers ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were issued a dividend of $0.1333 per share. The ex-dividend date was Monday, March 31st.

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.