Capital Group Dividend Growers ETF $CGDG is Advance Capital Management Inc.’s 5th Largest Position

Advance Capital Management Inc. increased its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,373,945 shares of the company’s stock after acquiring an additional 124,692 shares during the period. Capital Group Dividend Growers ETF comprises 8.1% of Advance Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Advance Capital Management Inc. owned approximately 4.80% of Capital Group Dividend Growers ETF worth $191,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Capital Group Dividend Growers ETF by 13.8% during the first quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock worth $902,000 after purchasing an additional 3,550 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 7.6% in the second quarter. Kingsview Wealth Management LLC now owns 27,711 shares of the company’s stock valued at $932,000 after purchasing an additional 1,967 shares during the period. Lodestone Wealth Management LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 24.3% in the second quarter. Lodestone Wealth Management LLC now owns 12,737 shares of the company’s stock valued at $428,000 after purchasing an additional 2,494 shares in the last quarter. Entruity Wealth LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 5.1% in the second quarter. Entruity Wealth LLC now owns 175,917 shares of the company’s stock valued at $5,916,000 after purchasing an additional 8,458 shares in the last quarter. Finally, TCP Asset Management LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the second quarter valued at approximately $203,000.

Capital Group Dividend Growers ETF Stock Up 0.0%

Capital Group Dividend Growers ETF stock opened at $35.66 on Friday. The firm has a market cap of $4.30 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $38.00. The company’s 50 day moving average is $36.88 and its two-hundred day moving average is $35.70.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1841 per share. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%.

Capital Group Dividend Growers ETF Company 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.