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

In the third quarter of the year, International Assets Investment Management LLC made a significant investment in the Capital Group Dividend Growers ETF (NYSEARCA:CGDG). According to reports, the firm purchased 32,686 shares, which are valued at approximately $1,064,000.

This acquisition is part of a broader trend among large investors adjusting their positions in CGDG. Envestnet Asset Management Inc., for instance, increased its stake in the Capital Group Dividend Growers ETF by an impressive 312.8% during the second quarter, bringing its total ownership to 1,162,475 shares valued at about $33,072,000 after acquiring an additional 880,870 shares.

Another notable investor, Cetera Investment Advisers, raised its stake in CGDG by 871.1% in the same period, now holding 406,950 shares worth $11,578,000 after a purchase of an extra 365,042 shares. Additionally, Sweeney & Michel LLC set up a new position in CGDG earlier this year, valued at $7,734,000. Meanwhile, Rothschild Investment LLC and Concurrent Investment Advisors LLC also joined the ranks of new investors, with positions worth approximately $6,505,000 and $5,363,000, respectively.

Performance of Capital Group Dividend Growers ETF

As for the stock performance, CGDG shares were trading at $30.09. Over the past year, the ETF has seen a low of $24.93 and a high of $31.08. The ETF boasts a market capitalization of $349.04 million, coupled with a P/E ratio of 17.10 and a beta of 0.82, indicating a relatively stable investment. The 50-day moving average stands at $30.45 while the 200-day moving average is at $29.42.

About Capital Group Dividend Growers ETF

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund focusing primarily on total market equity. It specializes in selecting dividend-paying companies from around the globe that are considered undervalued and promising for dividend growth. The fund utilizes a multi-manager strategy for its portfolio management.

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