LRI Investments LLC Makes New $740,000 Investment in Capital Group Dividend Growers ETF $CGDG

LRI Investments LLC purchased a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,000 shares of the company’s stock, valued at approximately $740,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Capital Group Dividend Growers ETF by 21.6% during the 2nd quarter. CWM LLC now owns 6,615 shares of the company’s stock worth $222,000 after acquiring an additional 1,174 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Capital Group Dividend Growers ETF by 5.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 178,946 shares of the company’s stock worth $6,018,000 after acquiring an additional 9,609 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Capital Group Dividend Growers ETF during the 2nd quarter worth approximately $1,456,000. Endeavor Private Wealth Inc. grew its holdings in Capital Group Dividend Growers ETF by 24.2% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 65,325 shares of the company’s stock worth $2,212,000 after acquiring an additional 12,723 shares in the last quarter. Finally, NavPoint Financial Inc. grew its holdings in Capital Group Dividend Growers ETF by 452.7% during the 2nd quarter. NavPoint Financial Inc. now owns 45,253 shares of the company’s stock worth $1,522,000 after acquiring an additional 37,066 shares in the last quarter.

Capital Group Dividend Growers ETF Trading Down 2.0%

Shares of NYSEARCA:CGDG opened at $34.04 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of 20.18 and a beta of 0.82. Capital Group Dividend Growers ETF has a twelve month low of $27.62 and a twelve month high of $35.08. The firm has a 50 day simple moving average of $34.28 and a 200-day simple moving average of $32.93.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.149 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. 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.