Cullen Frost Bankers Inc. Increases Stock Position in Capital Group Dividend Growers ETF $CGDG

Cullen Frost Bankers Inc. boosted its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 217,760 shares of the company’s stock after buying an additional 39,901 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Dividend Growers ETF were worth $7,761,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its stake in Capital Group Dividend Growers ETF by 13.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,913 shares of the company’s stock worth $211,000 after purchasing an additional 715 shares in the last quarter. HighTower Advisors LLC lifted its stake in Capital Group Dividend Growers ETF by 21.1% in the 4th quarter. HighTower Advisors LLC now owns 33,105 shares of the company’s stock worth $1,180,000 after purchasing an additional 5,762 shares in the last quarter. Synergy Investment Management LLC lifted its stake in Capital Group Dividend Growers ETF by 26.8% in the 4th quarter. Synergy Investment Management LLC now owns 18,385 shares of the company’s stock worth $655,000 after purchasing an additional 3,885 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Capital Group Dividend Growers ETF by 12.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 187,517 shares of the company’s stock worth $6,683,000 after purchasing an additional 20,346 shares in the last quarter. Finally, Intrua Financial LLC purchased a new stake in Capital Group Dividend Growers ETF in the 4th quarter worth $345,000.

Capital Group Dividend Growers ETF Stock Up 0.8%

Shares of CGDG stock opened at $37.49 on Thursday. The stock has a market cap of $4.91 billion, a P/E ratio of 20.18 and a beta of 0.53. Capital Group Dividend Growers ETF has a 52 week low of $32.00 and a 52 week high of $38.00. The company’s fifty day simple moving average is $36.61 and its two-hundred day simple moving average is $36.33.

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