BNB Wealth Management LLC Invests $4.04 Million in Capital Group Dividend Growers ETF $CGDG

BNB Wealth Management LLC bought a new position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 113,467 shares of the company’s stock, valued at approximately $4,044,000. Capital Group Dividend Growers ETF accounts for about 2.6% of BNB Wealth Management LLC’s holdings, making the stock its 14th biggest holding. BNB Wealth Management LLC owned approximately 0.09% of Capital Group Dividend Growers ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGDG. Ameriflex Group Inc. purchased a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at about $33,000. Ancora Advisors LLC purchased a new stake in shares of Capital Group Dividend Growers ETF during the 3rd quarter valued at about $48,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Capital Group Dividend Growers ETF by 35.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock valued at $78,000 after acquiring an additional 590 shares during the last quarter. Arax Advisory Partners boosted its holdings in shares of Capital Group Dividend Growers ETF by 919.0% during the 4th quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock valued at $105,000 after acquiring an additional 2,665 shares during the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF during the 4th quarter valued at about $110,000.

Capital Group Dividend Growers ETF Stock Down 1.0%

Shares of NYSEARCA CGDG opened at $37.37 on Thursday. The firm’s 50-day moving average price is $37.24 and its 200-day moving average price is $36.66. The company has a market cap of $4.90 billion, a PE ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 52-week low of $32.74 and a 52-week high of $38.09.

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.