Mayflower Financial Advisors LLC Acquires 668 Shares of Capital Group Dividend Growers ETF $CGDG

Mayflower Financial Advisors LLC lifted its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,484 shares of the company’s stock after acquiring an additional 668 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 17.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock worth $196,491,000 after acquiring an additional 886,442 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in Capital Group Dividend Growers ETF by 119.5% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 19,329 shares of the company’s stock worth $650,000 after purchasing an additional 10,523 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Capital Group Dividend Growers ETF by 324.8% during the 2nd quarter. Bleakley Financial Group LLC now owns 158,235 shares of the company’s stock worth $5,321,000 after purchasing an additional 120,989 shares in the last quarter. Strategic Blueprint LLC purchased a new stake in Capital Group Dividend Growers ETF during the 2nd quarter worth about $613,000. Finally, BlueChip Wealth Advisors LLC lifted its holdings in Capital Group Dividend Growers ETF by 9.2% during the 2nd quarter. BlueChip Wealth Advisors LLC now owns 132,024 shares of the company’s stock worth $4,440,000 after purchasing an additional 11,097 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG opened at $35.32 on Wednesday. The stock’s 50-day simple moving average is $34.55 and its 200 day simple moving average is $33.38. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $35.43.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.149 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 annualized dividend and a 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.