Flagship Harbor Advisors LLC Buys New Shares in Capital Group Dividend Growers ETF $CGDG

Flagship Harbor Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the second quarter, according to its most recent filing with the SEC. The fund purchased 24,207 shares of the company’s stock, valued at approximately $814,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mayflower Financial Advisors LLC increased its holdings in Capital Group Dividend Growers ETF by 1.2% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 56,484 shares of the company’s stock valued at $1,900,000 after acquiring an additional 668 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group Dividend Growers ETF by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock valued at $196,491,000 after acquiring an additional 886,442 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in Capital Group Dividend Growers ETF by 119.5% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 19,329 shares of the company’s stock valued at $650,000 after acquiring an additional 10,523 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Capital Group Dividend Growers ETF by 324.8% in the 2nd quarter. Bleakley Financial Group LLC now owns 158,235 shares of the company’s stock valued at $5,321,000 after acquiring an additional 120,989 shares during the last quarter. Finally, Strategic Blueprint LLC bought a new stake in Capital Group Dividend Growers ETF in the 2nd quarter valued at $613,000.

Capital Group Dividend Growers ETF Stock Performance

Shares of NYSEARCA CGDG opened at $34.94 on Friday. The company has a market cap of $3.57 billion, a P/E ratio of 20.18 and a beta of 0.56. The firm’s fifty day moving average is $34.59 and its two-hundred day moving average is $33.42. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $35.43.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a $0.149 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

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.