Integrated Wealth Concepts LLC Acquires 74,775 Shares of Capital Group Dividend Growers ETF $CGDG

Integrated Wealth Concepts LLC raised its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,288 shares of the company’s stock after acquiring an additional 74,775 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Capital Group Dividend Growers ETF were worth $13,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Capital International Investors raised its holdings in Capital Group Dividend Growers ETF by 0.8% in the 4th quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock worth $615,002,000 after purchasing an additional 140,767 shares during the period. LPL Financial LLC lifted its position in 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 in the last quarter. Capital Group Private Client Services Inc. grew its holdings in Capital Group Dividend Growers ETF by 9.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock valued at $184,643,000 after purchasing an additional 461,101 shares during the period. Raymond James Financial Inc. grew its holdings in Capital Group Dividend Growers ETF by 17.3% during the fourth quarter. Raymond James Financial Inc. now owns 4,159,257 shares of the company’s stock valued at $148,236,000 after purchasing an additional 612,090 shares during the period. Finally, Cetera Investment Advisers increased its position in Capital Group Dividend Growers ETF by 20.1% in the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock worth $138,949,000 after buying an additional 648,834 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.8%

Shares of CGDG opened at $38.24 on Thursday. The business has a 50-day simple moving average of $38.41 and a two-hundred day simple moving average of $37.48. Capital Group Dividend Growers ETF has a 52 week low of $34.04 and a 52 week high of $39.15. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were paid a dividend of $0.3865 per share. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%.

Capital Group Dividend Growers ETF 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.