Capital Group Dividend Growers ETF $CGDG Stock: National Wealth Management Group LLC Lowers Holdings

National Wealth Management Group LLC decreased its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 30.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,617 shares of the company’s stock after selling 26,521 shares during the quarter. National Wealth Management Group LLC’s holdings in Capital Group Dividend Growers ETF were worth $2,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 5.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 240,557 shares of the company’s stock worth $8,908,000 after buying an additional 12,866 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Capital Group Dividend Growers ETF in the 3rd quarter valued at $318,000. Trueblood Wealth Management LLC grew its stake in Capital Group Dividend Growers ETF by 3.8% in the 3rd quarter. Trueblood Wealth Management LLC now owns 66,599 shares of the company’s stock valued at $2,466,000 after buying an additional 2,442 shares during the last quarter. Lantern Wealth Advisors LLC raised its holdings in Capital Group Dividend Growers ETF by 1.1% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 37,725 shares of the company’s stock worth $1,397,000 after acquiring an additional 412 shares during the period. Finally, Wedbush Securities Inc. bought a new position in Capital Group Dividend Growers ETF in the 3rd quarter worth $1,747,000.

Capital Group Dividend Growers ETF Price Performance

Shares of CGDG opened at $38.08 on Tuesday. The company has a market capitalization of $5.88 billion, a PE ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a one year low of $34.24 and a one year high of $39.15. The company’s fifty day moving average price is $38.02 and its 200 day moving average price is $37.40.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1611 dividend. This is a decrease from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, 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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.