Signature Equity Partners LLC Acquires 24,591 Shares of Capital Group Dividend Growers ETF $CGDG

Signature Equity Partners LLC acquired a new position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 24,591 shares of the company’s stock, valued at approximately $911,000.

A number of other institutional investors also recently modified their holdings of the stock. Security Financial Services INC. boosted its position in shares of Capital Group Dividend Growers ETF by 3.4% during the 3rd quarter. Security Financial Services INC. now owns 27,173 shares of the company’s stock worth $1,006,000 after purchasing an additional 893 shares in the last quarter. Vise Technologies Inc. lifted its stake in Capital Group Dividend Growers ETF by 32.7% in the third quarter. Vise Technologies Inc. now owns 14,087 shares of the company’s stock valued at $522,000 after purchasing an additional 3,470 shares during the last quarter. BNB Wealth Management LLC lifted its stake in shares of Capital Group Dividend Growers ETF by 6.4% during the 3rd quarter. BNB Wealth Management LLC now owns 126,564 shares of the company’s stock valued at $4,687,000 after buying an additional 7,632 shares in the last quarter. Summit Global Investments boosted its stake in Capital Group Dividend Growers ETF by 19.5% in the 3rd quarter. Summit Global Investments now owns 26,384 shares of the company’s stock worth $977,000 after purchasing an additional 4,303 shares during the period. Finally, Heritage Wealth Management Inc. bought a new position in shares of Capital Group Dividend Growers ETF in the third quarter worth $375,000.

Capital Group Dividend Growers ETF Price Performance

Shares of Capital Group Dividend Growers ETF stock opened at $38.57 on Tuesday. The company has a 50 day simple moving average of $37.96 and a two-hundred day simple moving average of $37.46. Capital Group Dividend Growers ETF has a 1 year low of $34.24 and a 1 year high of $39.15. The firm has a market cap of $5.93 billion, a PE ratio of 20.18 and a beta of 0.50.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.1611 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. This is a decrease 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.