Private Advisor Group LLC Grows Holdings in Capital Group Dividend Growers ETF $CGDG

Private Advisor Group LLC grew its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 5.0% in the first quarter, HoldingsChannel reports. The fund owned 826,492 shares of the company’s stock after acquiring an additional 39,218 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group Dividend Growers ETF were worth $29,671,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group Dividend Growers ETF during the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at about $33,000. Ancora Advisors LLC acquired a new position in Capital Group Dividend Growers ETF in the 3rd quarter worth about $48,000. Pinnacle Bancorp Inc. acquired a new position in Capital Group Dividend Growers ETF in the 1st quarter worth about $50,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in Capital Group Dividend Growers ETF by 35.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG stock opened at $37.88 on Friday. Capital Group Dividend Growers ETF has a 12-month low of $32.90 and a 12-month high of $38.09. The business’s 50 day moving average is $37.35 and its two-hundred day moving average is $36.82. The company has a market capitalization of $5.25 billion, a P/E ratio of 20.18 and a beta of 0.49.

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.