Vestmark Advisory Solutions Inc. Boosts Stock Position in Capital Group Dividend Growers ETF $CGDG

Vestmark Advisory Solutions Inc. boosted its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 105.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,048 shares of the company’s stock after acquiring an additional 336,840 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.81% of Capital Group Dividend Growers ETF worth $22,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of Capital Group Dividend Growers ETF by 93.9% in the first quarter. Smartleaf Asset Management LLC now owns 365,401 shares of the company’s stock valued at $11,309,000 after purchasing an additional 176,945 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Capital Group Dividend Growers ETF in the 1st quarter valued at approximately $381,000. Seamount Financial Group Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 4.6% in the first quarter. Seamount Financial Group Inc. now owns 45,110 shares of the company’s stock worth $1,394,000 after acquiring an additional 2,001 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF during the second quarter worth $89,781,000. Finally, Oak Hill Wealth Advisors LLC raised its stake in shares of Capital Group Dividend Growers ETF by 34.7% in the second quarter. Oak Hill Wealth Advisors LLC now owns 59,577 shares of the company’s stock valued at $2,012,000 after acquiring an additional 15,350 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.7%

NYSEARCA:CGDG opened at $34.65 on Friday. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $35.43. The firm has a market cap of $3.57 billion, a PE ratio of 20.18 and a beta of 0.56. The stock has a fifty day moving average price of $34.65 and a 200 day moving average price of $33.59.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.