Concurrent Investment Advisors LLC Sells 2,768 Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Concurrent Investment Advisors LLC reduced its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,733 shares of the company’s stock after selling 2,768 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Group Dividend Growers ETF were worth $5,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Capital Group Dividend Growers ETF by 312.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,162,475 shares of the company’s stock worth $33,072,000 after purchasing an additional 880,870 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Capital Group Dividend Growers ETF by 871.1% in the second quarter. Cetera Investment Advisers now owns 406,950 shares of the company’s stock valued at $11,578,000 after buying an additional 365,042 shares in the last quarter. Sweeney & Michel LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the first quarter valued at approximately $7,734,000. Rothschild Investment LLC acquired a new stake in Capital Group Dividend Growers ETF during the second quarter worth approximately $6,505,000. Finally, Commonwealth Equity Services LLC raised its holdings in Capital Group Dividend Growers ETF by 20.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 865,727 shares of the company’s stock valued at $24,630,000 after acquiring an additional 148,543 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.3 %

Shares of CGDG traded down $0.09 during trading hours on Wednesday, hitting $30.33. 13,168 shares of the company were exchanged, compared to its average volume of 246,345. Capital Group Dividend Growers ETF has a fifty-two week low of $24.93 and a fifty-two week high of $31.08. The company has a market cap of $351.83 million, a price-to-earnings ratio of 17.10 and a beta of 0.82. The firm’s fifty day moving average is $30.46 and its 200 day moving average is $29.44.

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.