Private Advisor Group LLC Boosts Position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Private Advisor Group LLC raised its stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 12.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,429 shares of the company’s stock after buying an additional 26,398 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group Dividend Growers ETF were worth $7,245,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in Capital Group Dividend Growers ETF during the 3rd quarter valued at about $36,000. Stonebridge Financial Group LLC purchased a new position in Capital Group Dividend Growers ETF during the 4th quarter valued at about $59,000. Creative Financial Designs Inc. ADV grew its holdings in Capital Group Dividend Growers ETF by 139.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,407 shares of the company’s stock valued at $197,000 after buying an additional 3,736 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Capital Group Dividend Growers ETF during the 4th quarter valued at about $211,000. Finally, Beta Wealth Group Inc. purchased a new position in Capital Group Dividend Growers ETF during the 3rd quarter valued at about $226,000.

Capital Group Dividend Growers ETF Stock Down 1.0 %

CGDG stock opened at $31.10 on Friday. The firm has a market capitalization of $360.76 million, a PE ratio of 17.10 and a beta of 0.82. The stock has a 50-day simple moving average of $30.32 and a two-hundred day simple moving average of $30.29. Capital Group Dividend Growers ETF has a twelve month low of $27.17 and a twelve month high of $31.75.

About Capital Group Dividend Growers ETF

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.