NavPoint Financial Inc. Buys 27,762 Shares of Capital Group Dividend Growers ETF $CGDG

NavPoint Financial Inc. boosted its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 20.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,369 shares of the company’s stock after purchasing an additional 27,762 shares during the quarter. Capital Group Dividend Growers ETF comprises approximately 2.3% of NavPoint Financial Inc.’s holdings, making the stock its 15th largest holding. NavPoint Financial Inc. owned 0.13% of Capital Group Dividend Growers ETF worth $5,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of CGDG. Capital International Investors raised its position in shares of Capital Group Dividend Growers ETF by 0.8% during the 4th quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock valued at $615,002,000 after buying an additional 140,767 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 25.0% during the fourth quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock valued at $343,966,000 after purchasing an additional 1,929,512 shares during the period. Advance Capital Management Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 2.4% during the fourth quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock valued at $191,527,000 after purchasing an additional 124,692 shares during the period. Capital Group Private Client Services Inc. grew its holdings in shares of Capital Group Dividend Growers ETF by 9.8% in the fourth quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock worth $184,643,000 after purchasing an additional 461,101 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Capital Group Dividend Growers ETF by 17.3% in the fourth quarter. Raymond James Financial Inc. now owns 4,159,257 shares of the company’s stock worth $148,236,000 after purchasing an additional 612,090 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of NYSEARCA:CGDG opened at $37.32 on Thursday. The firm’s 50 day simple moving average is $37.31 and its 200-day simple moving average is $36.80. The firm has a market cap of $5.17 billion, a PE ratio of 20.18 and a beta of 0.49. Capital Group Dividend Growers ETF has a one year low of $32.90 and a one year high of $38.09.

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.