175,686 Shares in Capital Group Dividend Growers ETF $CGDG Acquired by Hopwood Nicholas Hunter

Hopwood Nicholas Hunter purchased a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 175,686 shares of the company’s stock, valued at approximately $6,590,000. Capital Group Dividend Growers ETF makes up about 1.8% of Hopwood Nicholas Hunter’s holdings, making the stock its 13th biggest position. Hopwood Nicholas Hunter owned about 0.12% of Capital Group Dividend Growers ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Dividend Growers ETF in the 4th quarter valued at $25,000. CoreCap Advisors LLC increased its holdings in Capital Group Dividend Growers ETF by 1,458.3% during the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock worth $28,000 after purchasing an additional 700 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at about $48,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Capital Group Dividend Growers ETF in the 1st quarter valued at about $50,000. Finally, CX Institutional lifted its holdings in shares of Capital Group Dividend Growers ETF by 121.3% in the second quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after purchasing an additional 952 shares in the last quarter.

Capital Group Dividend Growers ETF Price Performance

CGDG stock opened at $38.67 on Friday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 20.18 and a beta of 0.48. Capital Group Dividend Growers ETF has a fifty-two week low of $34.04 and a fifty-two week high of $39.15. The business has a 50-day moving average of $38.36 and a 200-day moving average of $37.46.

Capital Group Dividend Growers ETF Increases Dividend

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

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.