Private Advisor Group LLC Purchases 120,431 Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Private Advisor Group LLC grew its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 123.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,031 shares of the company’s stock after purchasing an additional 120,431 shares during the period. Private Advisor Group LLC’s holdings in Capital Group Dividend Growers ETF were worth $6,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CGDG. Sunbelt Securities Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the first quarter valued at about $66,000. Larson Financial Group LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 92.1% in the first quarter. Larson Financial Group LLC now owns 3,650 shares of the company’s stock valued at $104,000 after purchasing an additional 1,750 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the second quarter valued at about $200,000. New Century Financial Group LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the third quarter valued at about $211,000. Finally, Cetera Advisors LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the first quarter valued at about $251,000.

Capital Group Dividend Growers ETF Price Performance

Shares of Capital Group Dividend Growers ETF stock opened at $30.56 on Friday. The firm has a market cap of $354.50 million, a price-to-earnings ratio of 17.10 and a beta of 0.82. The stock’s 50-day moving average is $30.40 and its 200-day moving average is $29.26. Capital Group Dividend Growers ETF has a one year low of $24.01 and a one year high of $31.08.

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.