Cullen Frost Bankers Inc. Has $6.16 Million Holdings in Capital Group Dividend Growers ETF $CGDG

Cullen Frost Bankers Inc. lifted its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 40.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,859 shares of the company’s stock after buying an additional 51,402 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Dividend Growers ETF were worth $6,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDG. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Growers ETF during the 3rd quarter worth about $30,000. Sittner & Nelson LLC acquired a new stake in Capital Group Dividend Growers ETF in the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC bought a new position in Capital Group Dividend Growers ETF during the second quarter worth about $138,000. Allworth Financial LP increased its position in Capital Group Dividend Growers ETF by 295.5% during the second quarter. Allworth Financial LP now owns 5,854 shares of the company’s stock worth $197,000 after buying an additional 4,374 shares during the last quarter. Finally, TCP Asset Management LLC bought a new stake in Capital Group Dividend Growers ETF in the second quarter valued at approximately $203,000.

Capital Group Dividend Growers ETF Stock Up 0.3%

CGDG opened at $36.42 on Monday. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $36.88. The business has a 50 day moving average of $35.77 and a 200-day moving average of $34.87. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1841 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 26th.

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.