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

Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 312.8% in the 2nd quarter, Holdings Channel reports. The firm owned 1,162,475 shares of the company’s stock after acquiring an additional 880,870 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Capital Group Dividend Growers ETF worth $33,072,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CGDG. Commonwealth Equity Services LLC raised its position in Capital Group Dividend Growers ETF by 60.5% during the first 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 in the last quarter. Sweeney & Michel LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the first quarter worth $7,734,000. Rothschild Investment LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the second quarter worth $6,505,000. Concurrent Investment Advisors LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the second quarter worth $5,363,000. Finally, Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 8.3% during the first quarter. Capital Group Private Client Services Inc. now owns 1,469,800 shares of the company’s stock worth $42,080,000 after buying an additional 113,234 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA CGDG opened at $30.30 on Friday. The firm’s fifty day moving average price is $29.57 and its two-hundred day moving average price is $28.87. The stock has a market cap of $351.48 million, a PE ratio of 17.10 and a beta of 0.82. Capital Group Dividend Growers ETF has a fifty-two week low of $24.01 and a fifty-two week high of $30.51.

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.