Confluence Wealth Services Inc. Has $59.96 Million Stock Holdings in Capital Group Dividend Growers ETF $CGDG

Confluence Wealth Services Inc. grew its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,730,340 shares of the company’s stock after purchasing an additional 68,482 shares during the quarter. Capital Group Dividend Growers ETF makes up approximately 3.0% of Confluence Wealth Services Inc.’s holdings, making the stock its 9th biggest holding. Confluence Wealth Services Inc. owned about 1.71% of Capital Group Dividend Growers ETF worth $59,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Trust Co. of Vermont bought a new position in Capital Group Dividend Growers ETF in the third quarter valued at approximately $30,000. Sittner & Nelson LLC bought a new position in shares of Capital Group Dividend Growers ETF in the 2nd quarter worth $34,000. AdvisorNet Financial Inc grew its stake in shares of Capital Group Dividend Growers ETF by 483.6% during the second quarter. AdvisorNet Financial Inc now owns 1,313 shares of the company’s stock worth $44,000 after purchasing an additional 1,088 shares during the period. Farther Finance Advisors LLC bought a new stake in Capital Group Dividend Growers ETF in the second quarter valued at about $138,000. Finally, Allworth Financial LP lifted its stake 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 valued at $197,000 after buying an additional 4,374 shares during the period.

Capital Group Dividend Growers ETF Trading Up 0.1%

Capital Group Dividend Growers ETF stock opened at $36.78 on Friday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 20.18 and a beta of 0.56. The business has a 50-day moving average of $35.67 and a 200-day moving average of $34.77. Capital Group Dividend Growers ETF has a 1 year low of $27.62 and a 1 year high of $36.88.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently announced 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 a boost 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 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.