M.E. Allison & CO. Inc. Purchases New Holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

M.E. Allison & CO. Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the fourth quarter, Holdings Channel reports. The firm purchased 17,445 shares of the company’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 14.9% in the third quarter. Commonwealth Equity Services LLC now owns 994,625 shares of the company’s stock worth $30,555,000 after acquiring an additional 128,898 shares during the period. MML Investors Services LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 64.5% in the third quarter. MML Investors Services LLC now owns 594,614 shares of the company’s stock worth $18,267,000 after acquiring an additional 233,068 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Capital Group Dividend Growers ETF by 4.0% in the third quarter. Valmark Advisers Inc. now owns 411,365 shares of the company’s stock worth $12,637,000 after acquiring an additional 15,850 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Capital Group Dividend Growers ETF by 871.1% in the second quarter. Cetera Investment Advisers now owns 406,950 shares of the company’s stock worth $11,578,000 after acquiring an additional 365,042 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 81.0% in the third quarter. Jane Street Group LLC now owns 366,003 shares of the company’s stock worth $11,244,000 after acquiring an additional 163,798 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA:CGDG opened at $30.06 on Monday. The firm has a market capitalization of $348.70 million, a price-to-earnings ratio of 17.10 and a beta of 0.82. Capital Group Dividend Growers ETF has a 52-week low of $26.56 and a 52-week high of $31.08. The stock has a fifty day moving average of $30.04 and a 200 day moving average of $29.96.

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.