417,000 Shares of Capital Group Dividend Growers ETF $CGDG Bought by KWB Wealth

KWB Wealth bought a new stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 417,000 shares of the company’s stock, valued at approximately $15,442,000. Capital Group Dividend Growers ETF makes up approximately 1.3% of KWB Wealth’s holdings, making the stock its 15th largest holding. KWB Wealth owned approximately 0.27% of Capital Group Dividend Growers ETF at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CGDG. Sweeney & Michel LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 1.5% during the 3rd quarter. Sweeney & Michel LLC now owns 286,421 shares of the company’s stock worth $10,652,000 after acquiring an additional 4,199 shares in the last quarter. Perryman Financial Advisory Inc. AD grew its holdings in shares of Capital Group Dividend Growers ETF by 10.9% in the 3rd quarter. Perryman Financial Advisory Inc. AD now owns 34,469 shares of the company’s stock worth $1,276,000 after acquiring an additional 3,384 shares during the period. KOM Wealth Management Group LLC increased its stake in Capital Group Dividend Growers ETF by 19.7% in the 3rd quarter. KOM Wealth Management Group LLC now owns 7,010 shares of the company’s stock valued at $260,000 after purchasing an additional 1,156 shares in the last quarter. NFSG Corp purchased a new position in Capital Group Dividend Growers ETF in the 3rd quarter valued at approximately $186,000. Finally, First Pacific Financial purchased a new position in Capital Group Dividend Growers ETF in the 3rd quarter valued at approximately $449,000.

Capital Group Dividend Growers ETF Price Performance

Capital Group Dividend Growers ETF stock traded up $0.14 during trading hours on Friday, hitting $37.81. The stock had a trading volume of 656,643 shares, compared to its average volume of 697,348. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 1-year low of $34.24 and a 1-year high of $39.15. The stock’s fifty day moving average is $38.12 and its two-hundred day moving average is $37.68.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1611 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a negative change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865.

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.