RFG Advisory LLC Reduces Stock Position in Capital Group Dividend Growers ETF $CGDG

RFG Advisory LLC lessened its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 66.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CGDG. 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 about $25,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the third quarter worth about $33,000. Ancora Advisors LLC purchased a new position in Capital Group Dividend Growers ETF during the 3rd quarter valued at about $48,000. Strategic Investment Solutions Inc. IL increased its holdings in Capital Group Dividend Growers ETF by 35.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock valued at $78,000 after purchasing an additional 590 shares during the period. Finally, Arax Advisory Partners raised its position in Capital Group Dividend Growers ETF by 919.0% during the 4th quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock valued at $105,000 after purchasing an additional 2,665 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA CGDG opened at $37.51 on Friday. Capital Group Dividend Growers ETF has a fifty-two week low of $32.90 and a fifty-two week high of $38.09. The stock has a 50 day simple moving average of $37.29 and a two-hundred day simple moving average of $36.75. The stock has a market cap of $4.91 billion, a P/E ratio of 20.18 and a beta of 0.50.

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.