Confluence Wealth Services Inc. Grows Stake in Capital Group Dividend Growers ETF (NYSEARCA:CGDG)

Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Dividend Growers ETF (NYSEARCA:CGDG) by 31.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,381,791 shares of the company’s stock after acquiring an additional 331,174 shares during the period. Capital Group Dividend Growers ETF comprises 2.8% of Confluence Wealth Services Inc.’s portfolio, making the stock its 10th biggest position. Confluence Wealth Services Inc. owned about 11.91% of Capital Group Dividend Growers ETF worth $42,324,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth $36,000. Creative Financial Designs Inc. ADV lifted its holdings in Capital Group Dividend Growers ETF by 139.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,407 shares of the company’s stock valued at $197,000 after buying an additional 3,736 shares in the last quarter. New Century Financial Group LLC purchased a new stake in Capital Group Dividend Growers ETF in the 3rd quarter valued at about $211,000. Beta Wealth Group Inc. bought a new position in Capital Group Dividend Growers ETF in the 3rd quarter worth about $226,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the third quarter worth approximately $230,000.

Capital Group Dividend Growers ETF Stock Performance

Shares of NYSEARCA CGDG opened at $30.74 on Wednesday. Capital Group Dividend Growers ETF has a 52-week low of $26.91 and a 52-week high of $31.08. The firm has a market capitalization of $356.58 million, a price-to-earnings ratio of 17.10 and a beta of 0.82. The stock has a 50 day moving average price of $30.12 and a 200 day moving average price of $30.10.

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.