International Assets Investment Management Acquires Stake in Capital Group Dividend Growers ETF

International Assets Investment Management LLC has acquired a new position in the Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the third quarter, according to reports from HoldingsChannel.com. The firm purchased 32,686 shares, which are valued at around $1,064,000.

Alongside International Assets, several other significant investors have adjusted their holdings in CGDG. For instance, Envestnet Asset Management Inc. increased its stake by an impressive 312.8% in the second quarter, now owning a total of 1,162,475 shares, valued at $33,072,000 after adding 880,870 shares.

Cetera Investment Advisers also expanded its investment in CGDG by 871.1% in the second quarter, owning 406,950 shares worth $11,578,000 after acquiring 365,042 additional shares. Furthermore, Sweeney & Michel LLC initiated a new position in CGDG in the first quarter, valued at $7,734,000. In the second quarter, Rothschild Investment LLC and Concurrent Investment Advisors LLC also made their respective new investments worth approximately $6,505,000 and $5,363,000.

Capital Group Dividend Growers ETF Stock Overview

The shares of CGDG were trading at $30.09 recently. The ETF has a fifty-two week low of $24.93 and a high of $31.08. Its market capitalization is reported at $349.04 million, with a P/E ratio of 17.10 and a beta of 0.82. The stock has a 50-day moving average price of $30.45 and a 200-day moving average of $29.42.

About Capital Group Dividend Growers ETF

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that focuses primarily on total market equity investments. The fund actively selects globally diversified companies that are expected to provide dividend growth, employing a multi-manager strategy for its portfolio management.

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Want to discover what other hedge funds are keeping in CGDG? Check for the latest 13F filings and insider trades for Capital Group Dividend Growers ETF (NYSEARCA:CGDG).

Investment, ETF, Stocks