Gerber Kawasaki Wealth & Investment Management Takes Position in Capital Group Dividend Growers ETF $CGDG

Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,245 shares of the company’s stock, valued at approximately $815,000.

Several other hedge funds have also made changes to their positions in CGDG. Sittner & Nelson LLC acquired a new position in Capital Group Dividend Growers ETF in the second quarter valued at approximately $34,000. AdvisorNet Financial Inc lifted its stake in shares of Capital Group Dividend Growers ETF by 483.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock valued at $44,000 after purchasing an additional 1,088 shares during the last quarter. Capital Analysts LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the 1st quarter worth $50,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group Dividend Growers ETF in the 1st quarter valued at about $108,000. Finally, Farther Finance Advisors LLC purchased a new position in Capital Group Dividend Growers ETF during the second quarter worth about $138,000.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG stock opened at $35.40 on Tuesday. The firm has a market cap of $3.64 billion, a P/E ratio of 20.18 and a beta of 0.56. The firm’s 50 day moving average price is $35.02 and its 200-day moving average price is $34.19. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $35.79.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.149 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%.

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.