Capital Group Dividend Growers ETF $CGDG Stock: International Assets Investment Management LLC Grows Position

International Assets Investment Management LLC boosted its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 173.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 41,000 shares of the company’s stock after acquiring an additional 26,004 shares during the quarter. International Assets Investment Management LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Founders Financial Securities LLC grew its position in shares of Capital Group Dividend Growers ETF by 1.9% during the third quarter. Founders Financial Securities LLC now owns 147,053 shares of the company’s stock worth $5,445,000 after acquiring an additional 2,704 shares during the last quarter. Blueprint Investment Partners LLC increased its holdings in shares of Capital Group Dividend Growers ETF by 7.5% in the 3rd quarter. Blueprint Investment Partners LLC now owns 55,744 shares of the company’s stock valued at $2,064,000 after acquiring an additional 3,896 shares during the period. Blueprint Financial Advisors LLC raised its position in Capital Group Dividend Growers ETF by 7.2% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 55,152 shares of the company’s stock valued at $2,042,000 after purchasing an additional 3,700 shares during the last quarter. Armstrong Fleming & Moore Inc raised its position in Capital Group Dividend Growers ETF by 20.2% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 9,134 shares of the company’s stock valued at $338,000 after purchasing an additional 1,533 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Capital Group Dividend Growers ETF by 0.8% during the 3rd quarter. D.A. Davidson & CO. now owns 141,647 shares of the company’s stock worth $5,245,000 after purchasing an additional 1,099 shares during the period.

Capital Group Dividend Growers ETF Price Performance

Shares of NYSEARCA:CGDG opened at $38.33 on Wednesday. The stock has a market cap of $6.01 billion, a P/E ratio of 20.18 and a beta of 0.50. The firm has a fifty day moving average price of $37.95 and a 200 day moving average price of $37.47. Capital Group Dividend Growers ETF has a 1-year low of $34.24 and a 1-year high of $39.15.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.1611 dividend. 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%.

Capital Group Dividend Growers ETF Company Profile

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.