Sagespring Wealth Partners LLC Increases Holdings in Capital Group Dividend Growers ETF $CGDG

Sagespring Wealth Partners LLC lifted its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 18.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,715 shares of the company’s stock after buying an additional 6,793 shares during the period. Sagespring Wealth Partners LLC owned about 0.05% of Capital Group Dividend Growers ETF worth $1,437,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL raised its holdings in shares of Capital Group Dividend Growers ETF by 27.4% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,488 shares of the company’s stock valued at $46,000 after buying an additional 320 shares in the last quarter. IFP Advisors Inc grew its position in Capital Group Dividend Growers ETF by 6.3% during the 1st quarter. IFP Advisors Inc now owns 5,827 shares of the company’s stock worth $180,000 after acquiring an additional 343 shares during the last quarter. Comerica Bank grew its position in Capital Group Dividend Growers ETF by 1.0% during the 1st quarter. Comerica Bank now owns 50,022 shares of the company’s stock worth $1,546,000 after acquiring an additional 493 shares during the last quarter. PFG Advisors grew its position in Capital Group Dividend Growers ETF by 3.9% during the 1st quarter. PFG Advisors now owns 19,159 shares of the company’s stock worth $592,000 after acquiring an additional 723 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its position in Capital Group Dividend Growers ETF by 2.2% during the 1st quarter. Flputnam Investment Management Co. now owns 39,532 shares of the company’s stock worth $1,222,000 after acquiring an additional 851 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

CGDG opened at $34.60 on Wednesday. The stock’s 50 day simple moving average is $34.32 and its 200 day simple moving average is $32.97. Capital Group Dividend Growers ETF has a 1 year low of $27.62 and a 1 year high of $35.08. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.149 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

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.