RFG Advisory LLC Lowers Stake in Capital Group Dividend Growers ETF $CGDG

RFG Advisory LLC lowered its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 66.4% during the 1st quarter, HoldingsChannel reports. The fund owned 47,879 shares of the company’s stock after selling 94,547 shares during the period. RFG Advisory LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Capital Group Dividend Growers ETF during the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $33,000. Ancora Advisors LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $48,000. Strategic Investment Solutions Inc. IL boosted its position in shares of Capital Group Dividend Growers ETF by 35.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares in the last quarter. Finally, Arax Advisory Partners grew its stake in shares of Capital Group Dividend Growers ETF by 919.0% in the 4th quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock worth $105,000 after buying an additional 2,665 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.1%

CGDG stock opened at $37.51 on Friday. Capital Group Dividend Growers ETF has a twelve month low of $32.90 and a twelve month high of $38.09. The firm has a market cap of $4.91 billion, a PE ratio of 20.18 and a beta of 0.50. The business has a 50 day moving average of $37.29 and a 200 day moving average of $36.75.

Capital Group Dividend Growers ETF 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.