Capital Group Dividend Growers ETF $CGDG Stock Acquired by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. grew its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 13.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 861,026 shares of the company’s stock after acquiring an additional 100,834 shares during the period. Capital Group Dividend Growers ETF comprises about 5.7% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 3rd largest holding. J. Derek Lewis & Associates Inc. owned about 0.55% of Capital Group Dividend Growers ETF worth $31,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Provenance Wealth Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC boosted its position in shares of Capital Group Dividend Growers ETF by 1,458.3% during the second quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after purchasing an additional 700 shares in the last quarter. CX Institutional grew its stake in Capital Group Dividend Growers ETF by 121.3% in the second quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after purchasing an additional 952 shares during the period. Sunbelt Securities Inc. grew its stake in Capital Group Dividend Growers ETF by 17.3% in the first quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock worth $97,000 after purchasing an additional 398 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in Capital Group Dividend Growers ETF in the second quarter worth $119,000.

Capital Group Dividend Growers ETF Trading Down 0.4%

CGDG opened at $37.84 on Friday. The stock has a fifty day simple moving average of $37.92 and a two-hundred day simple moving average of $37.49. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48. Capital Group Dividend Growers ETF has a 12-month low of $34.24 and a 12-month 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 given a $0.1611 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. This is a drop 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.