Capital Group Dividend Growers ETF $CGDG Shares Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 85.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,960 shares of the company’s stock after purchasing an additional 20,715 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Dividend Growers ETF were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Trust Co. of Vermont purchased a new stake in Capital Group Dividend Growers ETF in the third quarter valued at $30,000. Ameriflex Group Inc. acquired a new stake in Capital Group Dividend Growers ETF during the 3rd quarter worth about $33,000. Sittner & Nelson LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the 2nd quarter valued at about $34,000. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $144,000 after buying an additional 1,645 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at about $195,000.

Capital Group Dividend Growers ETF Stock Up 0.6%

Shares of CGDG opened at $36.56 on Tuesday. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $38.00. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The stock’s 50-day moving average price is $36.87 and its 200-day moving average price is $35.62.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1841 dividend. The ex-dividend date of this dividend was Friday, December 26th. This is a boost 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 yield of 2.0%.

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.