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

International Assets Investment Management LLC has made a significant move by acquiring a new stake in the Capital Group Dividend Growers ETF (NYSEARCA:CGDG) during the third quarter of 2024. According to reports, the firm purchased 32,686 shares of this ETF, which amounts to a total investment of approximately $1,064,000.

Furthermore, it's noteworthy that several other major investors have also modified their holdings in CGDG recently. Envestnet Asset Management Inc. notably increased its stake by a remarkable 312.8% during the second quarter, resulting in ownership of 1,162,475 shares, valued at around $33,072,000 after acquiring an additional 880,870 shares in that quarter.

Additionally, Cetera Investment Advisers expanded its position by 871.1% in the same period, now holding 406,950 shares worth $11,578,000 after purchasing 365,042 additional shares. Other firms, such as Sweeney & Michel LLC, Rothschild Investment LLC, and Concurrent Investment Advisors LLC, also entered new positions in the Capital Group Dividend Growers ETF during the first and second quarters, with substantial investments of $7,734,000, $6,505,000, and $5,363,000, respectively.

Capital Group Dividend Growers ETF Stock Performance

As of Tuesday, shares of CGDG traded at $30.09. Over the past year, the ETF has experienced a 52-week low of $24.93 and a 52-week high of $31.08. Capital Group Dividend Growers ETF has a market capitalization of $349.04 million, a price-to-earnings (P/E) ratio of 17.10, and a beta of 0.82. The ETF's 50-day moving average stands at $30.45, while its 200-day moving average is $29.42.

About Capital Group Dividend Growers ETF

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund focused primarily on total market equity investments. The fund specializes in selecting globally appealing dividend-paying companies that are considered to be undervalued and likely to provide dividend growth. It utilizes a multi-manager approach to effectively manage its portfolio.

Investment, ETF, Acquisition