Apollon Wealth Management LLC Purchases New Stake in Capital Group Dividend Growers ETF $CGDG

Apollon Wealth Management LLC purchased a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 43,291 shares of the company’s stock, valued at approximately $1,456,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC acquired a new position in Capital Group Dividend Growers ETF in the first quarter valued at about $38,000. AdvisorNet Financial Inc raised its stake in Capital Group Dividend Growers ETF by 483.6% during the second quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock worth $44,000 after acquiring an additional 1,088 shares in the last quarter. Allworth Financial LP raised its stake in Capital Group Dividend Growers ETF by 136.4% during the first quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $46,000 after acquiring an additional 854 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in Capital Group Dividend Growers ETF by 27.4% during the first quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock worth $46,000 after acquiring an additional 320 shares in the last quarter. Finally, Capital Analysts LLC acquired a new position in Capital Group Dividend Growers ETF during the first quarter worth about $50,000.

Capital Group Dividend Growers ETF Trading Up 1.3%

Shares of NYSEARCA CGDG opened at $34.47 on Tuesday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82. Capital Group Dividend Growers ETF has a 12 month low of $27.62 and a 12 month high of $35.08. The stock has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $32.96.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.