Assetmark Inc. Purchases 5,448 Shares of Capital Group Dividend Growers ETF $CGDG

Assetmark Inc. raised its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,713 shares of the company’s stock after acquiring an additional 5,448 shares during the period. Assetmark Inc. owned approximately 0.35% of Capital Group Dividend Growers ETF worth $9,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDG. Advance Capital Management Inc. acquired a new position in Capital Group Dividend Growers ETF in the 2nd quarter valued at $89,781,000. LPL Financial LLC grew its holdings in Capital Group Dividend Growers ETF by 92.6% in the 1st quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock valued at $84,574,000 after buying an additional 1,315,981 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Capital Group Dividend Growers ETF by 25.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,956,279 shares of the company’s stock valued at $153,149,000 after buying an additional 1,004,711 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Capital Group Dividend Growers ETF by 44.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,578,331 shares of the company’s stock valued at $48,770,000 after buying an additional 484,275 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Capital Group Dividend Growers ETF by 26.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,812,588 shares of the company’s stock valued at $56,009,000 after buying an additional 374,743 shares in the last quarter.

Capital Group Dividend Growers ETF Price Performance

Shares of NYSEARCA CGDG opened at $34.87 on Friday. The stock’s fifty day moving average price is $34.60 and its two-hundred day moving average price is $33.48. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $35.43. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.