Integrated Wealth Concepts LLC Grows Stock Holdings in Capital Group Dividend Growers ETF $CGDG

Integrated Wealth Concepts LLC increased its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 25.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 366,288 shares of the company’s stock after purchasing an additional 74,775 shares during the quarter. Integrated Wealth Concepts LLC owned 0.25% of Capital Group Dividend Growers ETF worth $13,739,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CGDG. NewEdge Advisors LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 13.8% during the 1st quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock valued at $902,000 after buying an additional 3,550 shares during the period. First Trust Advisors LP bought a new stake in shares of Capital Group Dividend Growers ETF in the second quarter worth $372,000. Sei Investments Co. increased its position in Capital Group Dividend Growers ETF by 2,931.9% during the second quarter. Sei Investments Co. now owns 255,957 shares of the company’s stock valued at $8,608,000 after acquiring an additional 247,515 shares during the last quarter. Main Street Financial Solutions LLC purchased a new stake in Capital Group Dividend Growers ETF during the second quarter valued at $507,000. Finally, Betterment LLC purchased a new stake in Capital Group Dividend Growers ETF during the second quarter valued at $1,130,000.

Capital Group Dividend Growers ETF Stock Performance

CGDG stock opened at $38.24 on Thursday. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48. The business’s 50-day moving average is $38.41 and its two-hundred day moving average is $37.48. Capital Group Dividend Growers ETF has a fifty-two week low of $34.04 and a fifty-two week high of $39.15.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.3865 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.14.

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.