LPL Financial LLC Acquires 366,332 Shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

LPL Financial LLC lifted its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 34.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,421,055 shares of the company’s stock after purchasing an additional 366,332 shares during the quarter. LPL Financial LLC owned 12.25% of Capital Group Dividend Growers ETF worth $42,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stonebridge Financial Group LLC acquired a new stake in Capital Group Dividend Growers ETF during the 4th quarter worth approximately $59,000. IFP Advisors Inc boosted its stake in Capital Group Dividend Growers ETF by 8.7% in the 4th quarter. IFP Advisors Inc now owns 5,484 shares of the company’s stock worth $163,000 after purchasing an additional 438 shares during the period. Synergy Investment Management LLC acquired a new position in Capital Group Dividend Growers ETF in the 4th quarter worth $199,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 4th quarter valued at about $211,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Capital Group Dividend Growers ETF in the third quarter valued at about $230,000.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA:CGDG opened at $30.95 on Friday. The stock has a 50-day simple moving average of $31.02 and a 200 day simple moving average of $30.54. Capital Group Dividend Growers ETF has a 52-week low of $27.18 and a 52-week high of $31.75. The company has a market cap of $1.77 billion, a PE ratio of 20.43 and a beta of 0.82.

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.