Park Avenue Securities LLC Boosts Stock Position in Capital Group Dividend Growers ETF $CGDG

Park Avenue Securities LLC grew its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,933 shares of the company’s stock after purchasing an additional 2,167 shares during the period. Park Avenue Securities LLC’s holdings in Capital Group Dividend Growers ETF were worth $670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in Capital Group Dividend Growers ETF by 25.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,956,279 shares of the company’s stock worth $153,149,000 after buying an additional 1,004,711 shares during the period. LPL Financial LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 92.6% in the 1st quarter. LPL Financial LLC now owns 2,737,036 shares of the company’s stock valued at $84,574,000 after acquiring an additional 1,315,981 shares during the last quarter. Advance Capital Management Inc. acquired a new stake in shares of Capital Group Dividend Growers ETF in the second quarter worth $89,781,000. Raymond James Financial Inc. increased its stake in shares of Capital Group Dividend Growers ETF by 26.1% in the first quarter. Raymond James Financial Inc. now owns 1,812,588 shares of the company’s stock worth $56,009,000 after acquiring an additional 374,743 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Capital Group Dividend Growers ETF by 44.3% during the first quarter. Commonwealth Equity Services LLC now owns 1,578,331 shares of the company’s stock worth $48,770,000 after purchasing an additional 484,275 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA:CGDG opened at $34.51 on Monday. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $34.87. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82. The firm’s fifty day moving average is $34.09 and its two-hundred day moving average is $32.69.

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.