Founders Financial Alliance LLC Purchases Shares of 150,713 Capital Group Dividend Growers ETF $CGDG

Founders Financial Alliance LLC acquired a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,713 shares of the company’s stock, valued at approximately $5,222,000. Capital Group Dividend Growers ETF comprises about 1.0% of Founders Financial Alliance LLC’s holdings, making the stock its 20th biggest holding. Founders Financial Alliance LLC owned approximately 0.15% of Capital Group Dividend Growers ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 37.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock worth $278,475,000 after acquiring an additional 2,194,089 shares in the last quarter. Advance Capital Management Inc. raised its position in Capital Group Dividend Growers ETF by 96.6% in the 3rd 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 last quarter. Raymond James Financial Inc. boosted its stake 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 worth $89,200,000 after purchasing an additional 839,799 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 20.3% during the second quarter. Commonwealth Equity Services LLC now owns 1,898,865 shares of the company’s stock worth $63,859,000 after purchasing an additional 320,534 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Dividend Growers ETF by 12.8% in the second 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 in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.1%

Capital Group Dividend Growers ETF stock opened at $37.69 on Tuesday. The stock has a 50-day simple moving average of $36.36 and a 200 day simple moving average of $35.23. The stock has a market capitalization of $4.54 billion, a price-to-earnings 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.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently announced 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. 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 2.0%.

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.