Cetera Investment Advisers Boosts Stock Position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Cetera Investment Advisers increased its stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 871.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,950 shares of the company’s stock after buying an additional 365,042 shares during the quarter. Cetera Investment Advisers owned about 3.51% of Capital Group Dividend Growers ETF worth $11,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CGDG. Sunbelt Securities Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF during the first quarter worth about $66,000. Larson Financial Group LLC lifted its stake in Capital Group Dividend Growers ETF by 92.1% during the 1st quarter. Larson Financial Group LLC now owns 3,650 shares of the company’s stock worth $104,000 after acquiring an additional 1,750 shares in the last quarter. Continuum Advisory LLC acquired a new position in Capital Group Dividend Growers ETF during the 2nd quarter worth about $200,000. Trueblood Wealth Management LLC acquired a new stake in Capital Group Dividend Growers ETF in the 1st quarter valued at about $227,000. Finally, Cetera Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF in the 1st quarter valued at about $251,000.

Capital Group Dividend Growers ETF Stock Up 0.7 %

NYSEARCA:CGDG opened at $30.70 on Friday. The stock’s 50 day moving average price is $29.87 and its 200 day moving average price is $29.04. Capital Group Dividend Growers ETF has a 52-week low of $24.01 and a 52-week high of $31.03. The company has a market capitalization of $356.12 million, a PE ratio of 17.10 and a beta of 0.82.

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.