Capital Group Dividend Growers ETF $CGDG Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 49.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,985 shares of the company’s stock after purchasing an additional 15,856 shares during the quarter. Flputnam Investment Management Co.’s holdings in Capital Group Dividend Growers ETF were worth $1,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 17.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock valued at $196,491,000 after buying an additional 886,442 shares during the last quarter. Advance Capital Management Inc. raised its holdings in Capital Group Dividend Growers ETF by 96.6% in the third quarter. Advance Capital Management Inc. now owns 5,249,253 shares of the company’s stock valued at $181,887,000 after acquiring an additional 2,579,574 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Capital Group Dividend Growers ETF by 46.3% in the second quarter. Raymond James Financial Inc. now owns 2,652,387 shares of the company’s stock valued at $89,200,000 after acquiring an additional 839,799 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Capital Group Dividend Growers ETF by 20.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,898,865 shares of the company’s stock valued at $63,859,000 after acquiring an additional 320,534 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Capital Group Dividend Growers ETF by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,758,205 shares of the company’s stock worth $59,128,000 after acquiring an additional 199,892 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

CGDG opened at $35.84 on Tuesday. The company has a market capitalization of $3.69 billion, a P/E ratio of 20.18 and a beta of 0.56. The company has a 50-day moving average of $35.19 and a 200-day moving average of $34.40. Capital Group Dividend Growers ETF has a 1-year low of $27.62 and a 1-year high of $35.86.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.149 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 annualized dividend and a yield of 1.7%.

About Capital Group Dividend Growers ETF

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.