Geneos Wealth Management Inc. Sells 16,718 Shares of Capital Group Dividend Growers ETF $CGDG

Geneos Wealth Management Inc. trimmed its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 53.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,732 shares of the company’s stock after selling 16,718 shares during the period. Geneos Wealth Management Inc.’s holdings in Capital Group Dividend Growers ETF were worth $510,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Capital Group Dividend Growers ETF by 13.8% during the 1st quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock valued at $902,000 after buying an additional 3,550 shares during the period. Advance Capital Management Inc. purchased a new position in Capital Group Dividend Growers ETF during the second quarter worth $89,781,000. Sovran Advisors LLC increased its position in Capital Group Dividend Growers ETF by 213.4% during the second quarter. Sovran Advisors LLC now owns 51,662 shares of the company’s stock valued at $1,745,000 after acquiring an additional 35,179 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Capital Group Dividend Growers ETF by 15.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 123,280 shares of the company’s stock valued at $4,185,000 after acquiring an additional 16,639 shares during the last quarter. Finally, LongView Wealth Management raised its stake in shares of Capital Group Dividend Growers ETF by 32.9% in the second quarter. LongView Wealth Management now owns 70,579 shares of the company’s stock valued at $2,374,000 after acquiring an additional 17,487 shares during the period.

Capital Group Dividend Growers ETF Trading Up 0.7%

Capital Group Dividend Growers ETF stock opened at $36.46 on Friday. The firm has a 50-day moving average price of $35.48 and a 200-day moving average price of $34.67. The firm has a market capitalization of $4.13 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $36.49.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1841 dividend. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 annualized dividend 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.