Renaissance Technologies LLC Trims Stock Position in Capital Group Dividend Growers ETF $CGDG

Renaissance Technologies LLC cut its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 44.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the company’s stock after selling 13,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Capital Group Dividend Growers ETF were worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Dividend Growers ETF during the 4th quarter valued at approximately $25,000. Ancora Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at approximately $48,000. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Dividend Growers ETF during the first quarter valued at approximately $50,000. Arax Advisory Partners boosted its position in shares of Capital Group Dividend Growers ETF by 919.0% during the fourth quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock valued at $105,000 after purchasing an additional 2,665 shares in the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new stake in Capital Group Dividend Growers ETF in the fourth quarter worth $110,000.

Capital Group Dividend Growers ETF Stock Performance

CGDG opened at $38.94 on Monday. The stock has a fifty day simple moving average of $37.96 and a two-hundred day simple moving average of $37.28. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49. Capital Group Dividend Growers ETF has a 12-month low of $33.67 and a 12-month high of $39.15.

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.