Assetmark Inc. Boosts Stock Position in Capital Group Dividend Growers ETF $CGDG

Assetmark Inc. increased its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 79.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,568 shares of the company’s stock after acquiring an additional 223,855 shares during the period. Assetmark Inc. owned about 0.49% of Capital Group Dividend Growers ETF worth $17,553,000 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. Trust Co. of Vermont purchased a new stake in Capital Group Dividend Growers ETF during the third quarter worth about $30,000. Sittner & Nelson LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the second quarter valued at approximately $34,000. Allworth Financial LP increased its stake in Capital Group Dividend Growers ETF by 295.5% during the 2nd quarter. Allworth Financial LP now owns 5,854 shares of the company’s stock worth $197,000 after buying an additional 4,374 shares during the period. TCP Asset Management LLC acquired a new stake in Capital Group Dividend Growers ETF during the 2nd quarter worth approximately $203,000. Finally, Centaurus Financial Inc. lifted its holdings in Capital Group Dividend Growers ETF by 11.3% during the 2nd quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock worth $213,000 after buying an additional 642 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.1%

Shares of NYSEARCA CGDG opened at $37.69 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $38.00. The business’s fifty day simple moving average is $36.32 and its 200-day simple moving average is $35.19.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1841 per share. This is a boost 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 2.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.