Envestnet Portfolio Solutions Inc. Has $6.68 Million Stake in Capital Group Dividend Growers ETF $CGDG

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,517 shares of the company’s stock after acquiring an additional 20,346 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.16% of Capital Group Dividend Growers ETF worth $6,683,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CGDG. Intrua Financial LLC acquired a new stake in Capital Group Dividend Growers ETF during the 4th quarter worth approximately $345,000. Cambridge Investment Research Advisors Inc. grew its stake in Capital Group Dividend Growers ETF by 46.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,330,503 shares of the company’s stock worth $47,419,000 after purchasing an additional 421,420 shares during the period. Stephens Inc. AR increased its stake in Capital Group Dividend Growers ETF by 79.1% in the fourth quarter. Stephens Inc. AR now owns 105,734 shares of the company’s stock valued at $3,768,000 after purchasing an additional 46,694 shares in the last quarter. Compton Financial Group LLC bought a new stake in Capital Group Dividend Growers ETF in the fourth quarter valued at $516,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Dividend Growers ETF by 166.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,011,123 shares of the company’s stock worth $77,024,000 after purchasing an additional 1,255,064 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.8%

Shares of NYSEARCA:CGDG opened at $37.49 on Thursday. Capital Group Dividend Growers ETF has a twelve month low of $32.00 and a twelve month high of $38.00. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 20.18 and a beta of 0.53. The stock’s 50 day moving average is $36.61 and its 200-day moving average is $36.33.

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.