CWS Financial Advisors LLC Acquires New Shares in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

CWS Financial Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 11,575 shares of the company’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased 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 acquiring an additional 880,870 shares during the last quarter. Confluence Wealth Services Inc. increased its stake in Capital Group Dividend Growers ETF by 9.4% in the 2nd quarter. Confluence Wealth Services Inc. now owns 998,782 shares of the company’s stock worth $28,415,000 after acquiring an additional 85,804 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Capital Group Dividend Growers ETF by 14.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 994,625 shares of the company’s stock worth $30,555,000 after acquiring an additional 128,898 shares during the last quarter. Valmark Advisers Inc. increased its stake in Capital Group Dividend Growers ETF by 4.0% in the 3rd quarter. Valmark Advisers Inc. now owns 411,365 shares of the company’s stock worth $12,637,000 after acquiring an additional 15,850 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Capital Group Dividend Growers ETF by 871.1% in the 2nd quarter. Cetera Investment Advisers now owns 406,950 shares of the company’s stock worth $11,578,000 after acquiring an additional 365,042 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.3 %

CGDG opened at $30.40 on Friday. The stock has a 50-day moving average price of $30.54 and a 200-day moving average price of $29.68. Capital Group Dividend Growers ETF has a 12-month low of $25.90 and a 12-month high of $31.08. The stock has a market capitalization of $352.64 million, a P/E ratio of 17.10 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.