47,187 Shares in Capital Group Dividend Growers ETF $CGDG Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 47,187 shares of the company’s stock, valued at approximately $1,747,000.

Several other hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. grew its stake in Capital Group Dividend Growers ETF by 186.1% in the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after purchasing an additional 1,352,510 shares during the period. Cetera Investment Advisers lifted its position in Capital Group Dividend Growers ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after buying an additional 648,834 shares during the period. KWB Wealth purchased a new position in Capital Group Dividend Growers ETF during the third quarter valued at $15,442,000. Sei Investments Co. lifted its position in Capital Group Dividend Growers ETF by 36.5% during the first quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock valued at $42,656,000 after buying an additional 317,794 shares during the period. Finally, Compton Financial Group LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 1,969.0% during the 1st quarter. Compton Financial Group LLC now owns 299,323 shares of the company’s stock valued at $10,746,000 after buying an additional 284,856 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG stock opened at $37.87 on Monday. Capital Group Dividend Growers ETF has a 12 month low of $34.24 and a 12 month high of $39.15. The stock has a market cap of $5.85 billion, a PE ratio of 20.18 and a beta of 0.50. The company’s fifty day moving average price is $38.01 and its 200-day moving average price is $37.76.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.1611 per share. This is a decrease from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%.

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.