Capital Group Dividend Growers ETF $CGDG Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 2,527,896 shares of the company’s stock after selling 41,141 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Capital Group Dividend Growers ETF were worth $93,608,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its position in Capital Group Dividend Growers ETF by 20.1% in the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after buying an additional 648,834 shares in the last quarter. Royal Bank of Canada grew its position in shares of Capital Group Dividend Growers ETF by 11.5% during the 1st quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock worth $93,258,000 after buying an additional 266,980 shares during the period. Valmark Advisers Inc. lifted its holdings in Capital Group Dividend Growers ETF by 186.1% during the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after acquiring an additional 1,352,510 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Capital Group Dividend Growers ETF by 36.5% during the first quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock worth $42,656,000 after acquiring an additional 317,794 shares during the period. Finally, J. Derek Lewis & Associates Inc. grew its holdings in shares of Capital Group Dividend Growers ETF by 20.0% during the first quarter. J. Derek Lewis & Associates Inc. now owns 676,165 shares of the company’s stock worth $24,307,000 after buying an additional 112,824 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.4%

Shares of CGDG stock opened at $37.84 on Friday. The firm’s fifty day moving average price is $37.92 and its two-hundred day moving average price is $37.49. Capital Group Dividend Growers ETF has a 1 year low of $34.24 and a 1 year high of $39.15. The firm has a market capitalization of $5.84 billion, a P/E ratio of 20.18 and a beta of 0.48.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.1611 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. This is a negative change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865.

Capital Group Dividend Growers ETF Company Profile

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.