Capital Group Dividend Growers ETF $CGDG Stake Cut by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lessened its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 59.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,751 shares of the company’s stock after selling 14,456 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $338,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CGDG. Park Avenue Securities LLC grew its stake in Capital Group Dividend Growers ETF by 143.3% during the 3rd quarter. Park Avenue Securities LLC now owns 48,489 shares of the company’s stock worth $1,680,000 after buying an additional 28,556 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Capital Group Dividend Growers ETF by 23.1% in the third quarter. Benjamin Edwards Inc. now owns 598,370 shares of the company’s stock valued at $20,733,000 after buying an additional 112,201 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 45.3% during the third quarter. Mayflower Financial Advisors LLC now owns 82,064 shares of the company’s stock valued at $2,844,000 after acquiring an additional 25,580 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of Capital Group Dividend Growers ETF by 25.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 164,963 shares of the company’s stock worth $5,716,000 after acquiring an additional 33,597 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in shares of Capital Group Dividend Growers ETF by 49.4% in the 3rd quarter. Flputnam Investment Management Co. now owns 47,985 shares of the company’s stock worth $1,663,000 after acquiring an additional 15,856 shares during the period.

Capital Group Dividend Growers ETF Stock Up 2.1%

Shares of NYSEARCA:CGDG opened at $37.24 on Monday. The company’s 50-day moving average price is $36.10 and its 200 day moving average price is $35.07. The company has a market cap of $4.49 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $37.27.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1841 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Dividend Growers ETF 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.