DAVENPORT & Co LLC Boosts Stock Holdings in Capital Group Dividend Growers ETF $CGDG

DAVENPORT & Co LLC lifted its position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,874 shares of the company’s stock after purchasing an additional 32,255 shares during the period. DAVENPORT & Co LLC’s holdings in Capital Group Dividend Growers ETF were worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Capital Group Dividend Growers ETF during the third quarter valued at $30,000. Ameriflex Group Inc. acquired a new position in shares of Capital Group Dividend Growers ETF in the third quarter worth about $33,000. Ancora Advisors LLC acquired a new position in shares of Capital Group Dividend Growers ETF in the third quarter worth about $48,000. Strategic Investment Solutions Inc. IL boosted its stake 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 worth $78,000 after acquiring an additional 590 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Capital Group Dividend Growers ETF by 65.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,167 shares of the company’s stock worth $144,000 after acquiring an additional 1,645 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.7%

NYSEARCA:CGDG opened at $35.15 on Friday. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $38.00. The stock’s 50-day moving average price is $36.73 and its 200-day moving average price is $35.76. The stock has a market capitalization of $4.24 billion, a PE ratio of 20.18 and a beta of 0.56.

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.