KWB Wealth Acquires New Holdings in Capital Group Dividend Growers ETF $CGDG

KWB Wealth bought a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 417,000 shares of the company’s stock, valued at approximately $15,442,000. Capital Group Dividend Growers ETF makes up approximately 1.3% of KWB Wealth’s holdings, making the stock its 15th biggest position.

Other large investors have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group Dividend Growers ETF during the fourth quarter worth $25,000. CoreCap Advisors LLC lifted its position in shares of Capital Group Dividend Growers ETF by 1,458.3% in the second quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after acquiring an additional 700 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of Capital Group Dividend Growers ETF during the first quarter valued at $50,000. CX Institutional boosted its stake in shares of Capital Group Dividend Growers ETF by 121.3% during the second quarter. CX Institutional now owns 1,737 shares of the company’s stock valued at $65,000 after acquiring an additional 952 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 17.3% during the first quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock valued at $97,000 after acquiring an additional 398 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Capital Group Dividend Growers ETF stock traded up $0.14 during midday trading on Friday, reaching $37.81. 656,643 shares of the company were exchanged, compared to its average volume of 697,348. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. The firm’s 50-day simple moving average is $38.12 and its 200-day simple moving average is $37.68. Capital Group Dividend Growers ETF has a 1 year low of $34.24 and a 1 year high of $39.15.

Capital Group Dividend Growers ETF Cuts Dividend

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

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.