Stephens Inc. AR Grows Stock Position in Capital Group Dividend Growers ETF $CGDG

Stephens Inc. AR increased its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 565.2% in the third quarter, Holdings Channel reports. The institutional investor owned 59,040 shares of the company’s stock after acquiring an additional 50,165 shares during the period. Stephens Inc. AR’s holdings in Capital Group Dividend Growers ETF were worth $2,046,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 5,842,721 shares of the company’s stock valued at $196,491,000 after acquiring an additional 886,442 shares during the period. Advance Capital Management Inc. grew its holdings in Capital Group Dividend Growers ETF by 96.6% during the 3rd quarter. Advance Capital Management Inc. now owns 5,249,253 shares of the company’s stock valued at $181,887,000 after purchasing an additional 2,579,574 shares during the last quarter. Raymond James Financial Inc. raised its position in Capital Group Dividend Growers ETF by 46.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,652,387 shares of the company’s stock worth $89,200,000 after purchasing an additional 839,799 shares during the period. Commonwealth Equity Services LLC lifted its stake in Capital Group Dividend Growers ETF by 20.3% in the second quarter. Commonwealth Equity Services LLC now owns 1,898,865 shares of the company’s stock worth $63,859,000 after purchasing an additional 320,534 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Capital Group Dividend Growers ETF by 12.8% in the second quarter. Cetera Investment Advisers now owns 1,758,205 shares of the company’s stock worth $59,128,000 after purchasing an additional 199,892 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

CGDG opened at $36.78 on Friday. The stock’s 50 day moving average price is $35.67 and its 200-day moving average price is $34.78. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $36.88. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1841 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.0%. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 26th.

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.