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

Park Avenue Securities LLC grew its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 143.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,489 shares of the company’s stock after buying an additional 28,556 shares during the quarter. Park Avenue Securities LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,680,000 at the end of the most recent quarter.

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

Capital Group Dividend Growers ETF Stock Up 0.7%

Shares of CGDG opened at $36.46 on Monday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a twelve month low of $27.62 and a twelve month high of $36.49. The firm has a fifty day simple moving average of $35.48 and a two-hundred day simple moving average of $34.68.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid 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 annualized dividend and a dividend yield of 2.0%.

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.