BNB Wealth Management LLC Invests $4.04 Million in Capital Group Dividend Growers ETF $CGDG

BNB Wealth Management LLC acquired a new position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 113,467 shares of the company’s stock, valued at approximately $4,044,000. Capital Group Dividend Growers ETF accounts for 2.6% of BNB Wealth Management LLC’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in Capital Group Dividend Growers ETF by 0.8% during the 4th quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock worth $615,002,000 after acquiring an additional 140,767 shares during the period. LPL Financial LLC raised its stake in Capital Group Dividend Growers ETF by 25.0% during the 4th quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock worth $343,966,000 after acquiring an additional 1,929,512 shares during the period. Advance Capital Management Inc. raised its stake in Capital Group Dividend Growers ETF by 2.4% during the 4th quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock worth $191,527,000 after acquiring an additional 124,692 shares during the period. Capital Group Private Client Services Inc. raised its stake in Capital Group Dividend Growers ETF by 9.8% during the 4th quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock worth $184,643,000 after acquiring an additional 461,101 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Capital Group Dividend Growers ETF by 33.7% during the 3rd quarter. Raymond James Financial Inc. now owns 3,547,167 shares of the company’s stock worth $122,909,000 after acquiring an additional 894,780 shares during the period.

Capital Group Dividend Growers ETF Trading Down 1.0%

NYSEARCA CGDG opened at $37.37 on Thursday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 12 month low of $32.74 and a 12 month high of $38.09. The company’s 50 day moving average is $37.24 and its two-hundred day moving average is $36.66.

About Capital Group Dividend Growers ETF

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.