IFP Advisors Inc Grows Stock Position in Capital Group Dividend Growers ETF $CGDG

IFP Advisors Inc boosted its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 92.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,237 shares of the company’s stock after buying an additional 5,410 shares during the period. IFP Advisors Inc’s holdings in Capital Group Dividend Growers ETF were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MFA Wealth Services purchased a new stake in Capital Group Dividend Growers ETF during the 2nd quarter valued at $1,092,000. MSH Capital Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the 2nd quarter valued at $286,000. US Bancorp DE raised its holdings in Capital Group Dividend Growers ETF by 6.6% during the 2nd quarter. US Bancorp DE now owns 75,531 shares of the company’s stock valued at $2,540,000 after buying an additional 4,707 shares during the period. Valmark Advisers Inc. raised its holdings in Capital Group Dividend Growers ETF by 5.8% during the 2nd quarter. Valmark Advisers Inc. now owns 562,974 shares of the company’s stock valued at $18,933,000 after buying an additional 31,069 shares during the period. Finally, Trueblood Wealth Management LLC raised its holdings in Capital Group Dividend Growers ETF by 12.7% during the 2nd quarter. Trueblood Wealth Management LLC now owns 47,444 shares of the company’s stock valued at $1,596,000 after buying an additional 5,339 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA:CGDG opened at $34.77 on Thursday. The stock’s fifty day moving average is $34.35 and its 200 day moving average is $32.99. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.08. The firm has a market capitalization of $3.47 billion, a PE ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.149 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a 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.