Envestnet Asset Management Inc. Has $33.07 Million Holdings in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 312.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,162,475 shares of the company’s stock after buying an additional 880,870 shares during the quarter. Envestnet Asset Management Inc. owned 10.02% of Capital Group Dividend Growers ETF worth $33,072,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Capital Group Dividend Growers ETF by 60.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 717,184 shares of the company’s stock valued at $20,533,000 after purchasing an additional 270,316 shares during the period. Sweeney & Michel LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 1st quarter valued at about $7,734,000. Rothschild Investment LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 2nd quarter valued at about $6,505,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 2nd quarter valued at about $5,363,000. Finally, Capital Group Private Client Services Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 8.3% in the 1st quarter. Capital Group Private Client Services Inc. now owns 1,469,800 shares of the company’s stock valued at $42,080,000 after purchasing an additional 113,234 shares during the period.

Capital Group Dividend Growers ETF Price Performance

CGDG opened at $30.30 on Friday. The business’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $28.87. Capital Group Dividend Growers ETF has a 1 year low of $24.01 and a 1 year high of $30.51. The company has a market capitalization of $351.48 million, a price-to-earnings ratio of 17.10 and a beta of 0.82.

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.