Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Envestnet Portfolio Solutions Inc. grew its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,117 shares of the company’s stock after acquiring an additional 25,991 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 1.61% of Capital Group Dividend Growers ETF worth $5,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in Capital Group Dividend Growers ETF in the fourth quarter valued at $59,000. IFP Advisors Inc increased its stake in Capital Group Dividend Growers ETF by 8.7% in the fourth quarter. IFP Advisors Inc now owns 5,484 shares of the company’s stock valued at $163,000 after purchasing an additional 438 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Capital Group Dividend Growers ETF in the fourth quarter valued at $199,000. Moloney Securities Asset Management LLC acquired a new position in Capital Group Dividend Growers ETF in the fourth quarter valued at $211,000. Finally, Sanctuary Advisors LLC acquired a new position in Capital Group Dividend Growers ETF in the third quarter valued at $230,000.

Capital Group Dividend Growers ETF Trading Down 0.4 %

Capital Group Dividend Growers ETF stock opened at $31.20 on Wednesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 19.99 and a beta of 0.82. The stock has a fifty day moving average price of $30.76 and a 200 day moving average price of $30.47. Capital Group Dividend Growers ETF has a 52 week low of $27.18 and a 52 week high of $31.75.

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.