Capital Group Dividend Growers ETF $CGDG Stock Purchased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. increased its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 861,026 shares of the company’s stock after buying an additional 100,834 shares during the period. Capital Group Dividend Growers ETF accounts for about 5.7% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 3rd largest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Dividend Growers ETF were worth $31,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in Capital Group Dividend Growers ETF by 20.1% during the 1st quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after buying an additional 648,834 shares in the last quarter. Royal Bank of Canada boosted its holdings in Capital Group Dividend Growers ETF by 11.5% in the first quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock worth $93,258,000 after acquiring an additional 266,980 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in Capital Group Dividend Growers ETF by 186.1% in the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after acquiring an additional 1,352,510 shares in the last quarter. Sei Investments Co. grew its stake in shares of Capital Group Dividend Growers ETF by 36.5% in the first quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock worth $42,656,000 after acquiring an additional 317,794 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 10.8% in the first quarter. Assetmark Inc. now owns 625,780 shares of the company’s stock worth $22,466,000 after acquiring an additional 61,058 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Down 0.4%

NYSEARCA CGDG opened at $37.84 on Friday. Capital Group Dividend Growers ETF has a 12 month low of $34.24 and a 12 month high of $39.15. The stock’s fifty day moving average price is $37.92 and its 200-day moving average price is $37.49. The stock has a market cap of $5.84 billion, a P/E ratio of 20.18 and a beta of 0.48.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.