Janney Montgomery Scott LLC Boosts Stock Position in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Janney Montgomery Scott LLC raised its position in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 1,101.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,162 shares of the company’s stock after buying an additional 122,998 shares during the period. Janney Montgomery Scott LLC’s holdings in Capital Group Dividend Growers ETF were worth $4,121,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CGDG. International Assets Investment Management LLC bought a new position in shares of Capital Group Dividend Growers ETF during the 3rd quarter worth approximately $1,064,000. Sweeney & Michel LLC acquired a new position in shares of Capital Group Dividend Growers ETF during the first quarter worth $7,734,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Capital Group Dividend Growers ETF by 64.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 96,180 shares of the company’s stock valued at $2,736,000 after purchasing an additional 37,777 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Capital Group Dividend Growers ETF by 105.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 145,594 shares of the company’s stock worth $4,142,000 after purchasing an additional 74,560 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Capital Group Dividend Growers ETF by 48.5% during the 3rd quarter. Raymond James & Associates now owns 209,908 shares of the company’s stock worth $6,448,000 after buying an additional 68,574 shares during the last quarter.

Capital Group Dividend Growers ETF Price Performance

Shares of NYSEARCA:CGDG opened at $30.77 on Friday. The firm has a market capitalization of $356.93 million, a P/E ratio of 17.10 and a beta of 0.82. The business’s 50-day moving average is $30.48 and its 200 day moving average is $29.48. Capital Group Dividend Growers ETF has a 1 year low of $24.93 and a 1 year high of $31.08.

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.