Assetmark Inc. Grows Stock Holdings in Capital Group Dividend Growers ETF $CGDG

Assetmark Inc. lifted its holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 625,780 shares of the company’s stock after buying an additional 61,058 shares during the period. Assetmark Inc.’s holdings in Capital Group Dividend Growers ETF were worth $22,466,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group Dividend Growers ETF in the fourth quarter worth about $25,000. Ancora Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the third quarter valued at approximately $48,000. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the 1st quarter valued at approximately $50,000. Arax Advisory Partners lifted its stake in shares of Capital Group Dividend Growers ETF by 919.0% in the 4th quarter. Arax Advisory Partners now owns 2,955 shares of the company’s stock valued at $105,000 after purchasing an additional 2,665 shares during the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Capital Group Dividend Growers ETF in the 4th quarter worth approximately $110,000.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA CGDG opened at $37.84 on Friday. The company has a market cap of $5.32 billion, a P/E ratio of 20.18 and a beta of 0.49. The business’s 50 day moving average price is $37.51 and its 200-day moving average price is $36.97. Capital Group Dividend Growers ETF has a fifty-two week low of $32.90 and a fifty-two week high of $38.25.

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.