Valmark Advisers Inc. Grows Position in Capital Group Dividend Growers ETF $CGDG

Valmark Advisers Inc. raised its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562,974 shares of the company’s stock after acquiring an additional 31,069 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Dividend Growers ETF were worth $18,933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL increased its position in shares of Capital Group Dividend Growers ETF by 27.4% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock valued at $46,000 after purchasing an additional 320 shares during the last quarter. IFP Advisors Inc increased its position in shares of Capital Group Dividend Growers ETF by 6.3% during the 1st quarter. IFP Advisors Inc now owns 5,827 shares of the company’s stock valued at $180,000 after purchasing an additional 343 shares during the last quarter. Comerica Bank increased its position in shares of Capital Group Dividend Growers ETF by 1.0% during the 1st quarter. Comerica Bank now owns 50,022 shares of the company’s stock valued at $1,546,000 after purchasing an additional 493 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Capital Group Dividend Growers ETF by 4.0% during the 1st quarter. Park Avenue Securities LLC now owns 17,766 shares of the company’s stock valued at $549,000 after purchasing an additional 685 shares during the last quarter. Finally, PFG Advisors increased its position in shares of Capital Group Dividend Growers ETF by 3.9% during the 1st quarter. PFG Advisors now owns 19,159 shares of the company’s stock valued at $592,000 after purchasing an additional 723 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.4%

Shares of Capital Group Dividend Growers ETF stock opened at $34.88 on Wednesday. The firm has a market capitalization of $3.44 billion, a PE ratio of 20.18 and a beta of 0.82. The business’s 50-day moving average price is $34.20 and its 200-day moving average price is $32.86. Capital Group Dividend Growers ETF has a 12 month low of $27.62 and a 12 month high of $35.08.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.149 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%.

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.