Confluence Wealth Services Inc. Acquires 93,549 Shares of Capital Group Dividend Growers ETF $CGDG

Confluence Wealth Services Inc. raised its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 6.0% in the second quarter, Holdings Channel reports. The fund owned 1,661,858 shares of the company’s stock after buying an additional 93,549 shares during the period. Capital Group Dividend Growers ETF accounts for approximately 3.0% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 9th largest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Dividend Growers ETF were worth $55,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CGDG. ORG Partners LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the first quarter valued at approximately $38,000. AdvisorNet Financial Inc grew its holdings in Capital Group Dividend Growers ETF by 483.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock valued at $44,000 after buying an additional 1,088 shares in the last quarter. Allworth Financial LP increased its stake in shares of Capital Group Dividend Growers ETF by 136.4% in the 1st quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $46,000 after acquiring an additional 854 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Capital Group Dividend Growers ETF by 27.4% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock worth $46,000 after acquiring an additional 320 shares during the period. Finally, Capital Analysts LLC acquired a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter valued at about $50,000.

Capital Group Dividend Growers ETF Trading Up 0.4%

Shares of CGDG opened at $34.97 on Monday. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $35.06. The firm has a market capitalization of $3.43 billion, a P/E ratio of 20.18 and a beta of 0.82. The firm has a 50-day moving average price of $34.16 and a 200 day moving average price of $32.82.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.149 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%.

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.