Bleakley Financial Group LLC Decreases Stake in Capital Group Dividend Growers ETF $CGDG

Bleakley Financial Group LLC lowered its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 39.9% in the first quarter, HoldingsChannel.com reports. The firm owned 81,625 shares of the company’s stock after selling 54,301 shares during the quarter. Bleakley Financial Group LLC’s holdings in Capital Group Dividend Growers ETF were worth $2,930,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CGDG. Diversify Wealth Management LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the first quarter worth about $751,000. Valmark Advisers Inc. increased its position in Capital Group Dividend Growers ETF by 186.1% during the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after buying an additional 1,352,510 shares during the period. Lincoln Capital LLC lifted its stake in Capital Group Dividend Growers ETF by 9.8% in the first quarter. Lincoln Capital LLC now owns 22,446 shares of the company’s stock valued at $804,000 after buying an additional 2,005 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Capital Group Dividend Growers ETF in the first quarter valued at approximately $3,105,000. Finally, Simplicity Wealth LLC grew its position in shares of Capital Group Dividend Growers ETF by 11.0% during the first quarter. Simplicity Wealth LLC now owns 33,113 shares of the company’s stock worth $1,189,000 after acquiring an additional 3,286 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of Capital Group Dividend Growers ETF stock opened at $37.86 on Thursday. Capital Group Dividend Growers ETF has a 1 year low of $32.90 and a 1 year high of $38.25. The company has a market capitalization of $5.32 billion, a P/E ratio of 20.18 and a beta of 0.49. The company’s fifty day moving average is $37.47 and its two-hundred day moving average is $36.95.

About Capital Group Dividend Growers ETF

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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.