Capital Group Dividend Growers ETF $CGDG Stock Acquired by Latitude Advisors LLC

Latitude Advisors LLC increased its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 31.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,826 shares of the company’s stock after buying an additional 20,163 shares during the quarter. Capital Group Dividend Growers ETF accounts for about 1.0% of Latitude Advisors LLC’s portfolio, making the stock its 18th biggest holding. Latitude Advisors LLC owned about 0.05% of Capital Group Dividend Growers ETF worth $3,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC raised its holdings in Capital Group Dividend Growers ETF by 1,458.3% during the second quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock worth $28,000 after acquiring an additional 700 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Dividend Growers ETF during the 1st quarter worth approximately $50,000. CX Institutional boosted its holdings in shares of Capital Group Dividend Growers ETF by 121.3% in the 2nd quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after buying an additional 952 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 17.3% in the first quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock valued at $97,000 after buying an additional 398 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Capital Group Dividend Growers ETF in the second quarter valued at $119,000.

Capital Group Dividend Growers ETF Trading Up 0.1%

NYSEARCA CGDG opened at $38.12 on Wednesday. The firm’s fifty day moving average price is $37.99 and its two-hundred day moving average price is $37.42. Capital Group Dividend Growers ETF has a 1 year low of $34.24 and a 1 year high of $39.15. The firm has a market capitalization of $5.89 billion, a P/E ratio of 20.18 and a beta of 0.50.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1611 dividend. This is a negative change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 30th.

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.