Latitude Advisors LLC Grows Stock Position in Capital Group Dividend Growers ETF $CGDG

Latitude Advisors LLC raised its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 47.6% in the 1st quarter, Holdings Channel reports. The fund owned 53,638 shares of the company’s stock after purchasing an additional 17,300 shares during the period. Capital Group Dividend Growers ETF accounts for 0.9% of Latitude Advisors LLC’s holdings, making the stock its 23rd biggest holding. Latitude Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,926,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Dividend Growers ETF during the fourth quarter worth $25,000. Ameriflex Group Inc. purchased a new position in shares of Capital Group Dividend Growers ETF in the third quarter valued at $33,000. Ancora Advisors LLC acquired a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $48,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Dividend Growers ETF during the 1st quarter valued at $50,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in Capital Group Dividend Growers ETF by 35.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after buying an additional 590 shares during the period.

Capital Group Dividend Growers ETF Price Performance

Capital Group Dividend Growers ETF 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 company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49. The firm’s fifty day moving average price is $37.35 and its 200 day moving average price is $36.82.

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.