Janney Montgomery Scott LLC Increases Stock Position in Capital Group Dividend Growers ETF $CGDG

Janney Montgomery Scott LLC grew its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 42.7% during the 1st quarter, Holdings Channel reports. The firm owned 753,833 shares of the company’s stock after buying an additional 225,460 shares during the period. Janney Montgomery Scott LLC’s holdings in Capital Group Dividend Growers ETF were worth $27,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Dividend Growers ETF during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $33,000. Ancora Advisors LLC acquired a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $48,000. Strategic Investment Solutions Inc. IL increased its position in Capital Group Dividend Growers ETF by 35.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after buying an additional 590 shares in the last quarter. Finally, Arax Advisory Partners increased its position in Capital Group Dividend Growers ETF by 919.0% during the fourth quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock worth $105,000 after buying an additional 2,665 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 1.0%

NYSEARCA CGDG opened at $37.89 on Tuesday. Capital Group Dividend Growers ETF has a fifty-two week low of $32.90 and a fifty-two week high of $38.09. The business has a fifty day moving average of $37.31 and a 200-day moving average of $36.77. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.

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.