Geneos Wealth Management Inc. Cuts Stake in Capital Group Dividend Growers ETF $CGDG

Geneos Wealth Management Inc. lessened its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 53.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,732 shares of the company’s stock after selling 16,718 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Capital Group Dividend Growers ETF were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CGDG. NewEdge Advisors LLC lifted its stake in Capital Group Dividend Growers ETF by 13.8% in the 1st quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock worth $902,000 after purchasing an additional 3,550 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF in the second quarter worth about $89,781,000. Sovran Advisors LLC grew its holdings in Capital Group Dividend Growers ETF by 213.4% during the 2nd quarter. Sovran Advisors LLC now owns 51,662 shares of the company’s stock valued at $1,745,000 after buying an additional 35,179 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Capital Group Dividend Growers ETF by 15.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 123,280 shares of the company’s stock worth $4,185,000 after acquiring an additional 16,639 shares during the last quarter. Finally, LongView Wealth Management increased its stake in Capital Group Dividend Growers ETF by 32.9% in the 2nd quarter. LongView Wealth Management now owns 70,579 shares of the company’s stock worth $2,374,000 after acquiring an additional 17,487 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA CGDG opened at $36.46 on Friday. The stock has a 50 day moving average price of $35.48 and a 200-day moving average price of $34.67. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $36.49. The company has a market capitalization of $4.13 billion, a P/E ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

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

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.