Capital Group Dividend Growers ETF $CGDG Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 49.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,985 shares of the company’s stock after purchasing an additional 15,856 shares during the period. Flputnam Investment Management Co.’s holdings in Capital Group Dividend Growers ETF were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Sittner & Nelson LLC acquired a new stake in shares of Capital Group Dividend Growers ETF during the second quarter worth $34,000. AdvisorNet Financial Inc grew its position in shares of Capital Group Dividend Growers ETF by 483.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock valued at $44,000 after buying an additional 1,088 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in Capital Group Dividend Growers ETF during the first quarter worth about $108,000. Farther Finance Advisors LLC bought a new position in Capital Group Dividend Growers ETF in the second quarter worth about $138,000. Finally, Allworth Financial LP lifted its holdings in Capital Group Dividend Growers ETF by 295.5% in the second quarter. Allworth Financial LP now owns 5,854 shares of the company’s stock worth $197,000 after acquiring an additional 4,374 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.5%

NYSEARCA:CGDG opened at $35.84 on Tuesday. The stock has a 50 day moving average of $35.19 and a 200-day moving average of $34.40. The firm has a market capitalization of $3.69 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $35.86.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.149 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 30th.

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.