Mesirow Financial Investment Management Inc. Makes New $602,000 Investment in Capital Group Dividend Growers ETF $CGDG

Mesirow Financial Investment Management Inc. bought a new position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the second quarter, Holdings Channel.com reports. The fund bought 17,887 shares of the company’s stock, valued at approximately $602,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its stake in Capital Group Dividend Growers ETF by 483.6% in the second quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock worth $44,000 after purchasing an additional 1,088 shares in the last quarter. Allworth Financial LP grew its position in shares of Capital Group Dividend Growers ETF by 136.4% during the 1st quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $46,000 after buying an additional 854 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its position 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 buying an additional 320 shares in the last quarter. Capital Analysts LLC bought a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter worth $50,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter worth $108,000.

Capital Group Dividend Growers ETF Price Performance

Shares of Capital Group Dividend Growers ETF stock opened at $34.87 on Friday. Capital Group Dividend Growers ETF has a 1 year low of $27.62 and a 1 year high of $35.43. The firm’s 50-day moving average is $34.60 and its two-hundred day moving average is $33.48. The stock 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid 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.