Rothschild Investment LLC Purchases 35,773 Shares of Capital Group Dividend Growers ETF $CGDG

Rothschild Investment LLC lifted its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,597 shares of the company’s stock after acquiring an additional 35,773 shares during the quarter. Capital Group Dividend Growers ETF makes up approximately 1.1% of Rothschild Investment LLC’s holdings, making the stock its 16th largest holding. Rothschild Investment LLC owned about 0.56% of Capital Group Dividend Growers ETF worth $19,840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth $30,000. Sittner & Nelson LLC acquired a new position in Capital Group Dividend Growers ETF during the 2nd quarter worth about $34,000. JPMorgan Chase & Co. grew its holdings in Capital Group Dividend Growers ETF by 65.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,167 shares of the company’s stock worth $144,000 after acquiring an additional 1,645 shares during the last quarter. Allworth Financial LP increased its position in Capital Group Dividend Growers ETF by 295.5% in the 2nd quarter. Allworth Financial LP now owns 5,854 shares of the company’s stock valued at $197,000 after acquiring an additional 4,374 shares in the last quarter. Finally, TCP Asset Management LLC bought a new position in shares of Capital Group Dividend Growers ETF in the second quarter worth about $203,000.

Capital Group Dividend Growers ETF Price Performance

CGDG opened at $37.69 on Tuesday. The stock has a market capitalization of $4.54 billion, a P/E ratio of 20.18 and a beta of 0.56. The company’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $35.23. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $38.00.

Capital Group Dividend Growers ETF Increases Dividend

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

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.