Capital Group Dividend Growers ETF $CGDG Stock: Confluence Wealth Services Inc. Raises Stake

Confluence Wealth Services Inc. grew its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 21.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,952,447 shares of the company’s stock after purchasing an additional 699,848 shares during the period. Capital Group Dividend Growers ETF comprises 3.8% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 6th largest position. Confluence Wealth Services Inc.’s holdings in Capital Group Dividend Growers ETF were worth $146,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Capital Group Dividend Growers ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after acquiring an additional 648,834 shares in the last quarter. Royal Bank of Canada lifted its position in Capital Group Dividend Growers ETF by 11.5% in the 1st quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock valued at $93,258,000 after acquiring an additional 266,980 shares in the last quarter. Sei Investments Co. lifted its position in Capital Group Dividend Growers ETF by 36.5% in the 1st quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock valued at $42,656,000 after acquiring an additional 317,794 shares in the last quarter. J. Derek Lewis & Associates Inc. lifted its position in Capital Group Dividend Growers ETF by 13.3% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 861,026 shares of the company’s stock valued at $31,889,000 after acquiring an additional 100,834 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Capital Group Dividend Growers ETF by 10.8% during the 1st quarter. Assetmark Inc. now owns 625,780 shares of the company’s stock valued at $22,466,000 after purchasing an additional 61,058 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.2%

Shares of CGDG opened at $38.69 on Wednesday. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 20.18 and a beta of 0.48. The business’s fifty day simple moving average is $37.92 and its two-hundred day simple moving average is $37.52. 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 declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders 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 is a decrease 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.