DAVENPORT & Co LLC Buys 45,576 Shares of Capital Group Dividend Growers ETF $CGDG

DAVENPORT & Co LLC lifted its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 647.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,619 shares of the company’s stock after acquiring an additional 45,576 shares during the quarter. DAVENPORT & Co LLC’s holdings in Capital Group Dividend Growers ETF were worth $1,823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CGDG. Comerica Bank lifted its position in shares of Capital Group Dividend Growers ETF by 1.0% during the first quarter. Comerica Bank now owns 50,022 shares of the company’s stock valued at $1,546,000 after purchasing an additional 493 shares in the last quarter. Centaurus Financial Inc. grew its position in Capital Group Dividend Growers ETF by 11.3% in the 2nd quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock worth $213,000 after purchasing an additional 642 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in Capital Group Dividend Growers ETF by 1.2% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 56,484 shares of the company’s stock valued at $1,900,000 after buying an additional 668 shares during the last quarter. Flputnam Investment Management Co. lifted its position in shares of Capital Group Dividend Growers ETF by 2.2% during the 1st quarter. Flputnam Investment Management Co. now owns 39,532 shares of the company’s stock worth $1,222,000 after buying an additional 851 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Capital Group Dividend Growers ETF during the 3rd quarter worth approximately $30,000.

Capital Group Dividend Growers ETF Stock Down 0.3%

CGDG stock opened at $35.93 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of 20.18 and a beta of 0.56. The business has a 50 day moving average of $35.29 and a 200-day moving average of $34.47. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $36.07.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be paid a $0.1841 dividend. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 26th. This represents a $0.74 dividend on an annualized basis and a yield of 2.0%.

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.