Capital Group Growth ETF $CGGR Holdings Lifted by Merit Financial Group LLC

Merit Financial Group LLC increased its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 474.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,510,100 shares of the company’s stock after acquiring an additional 1,247,158 shares during the period. Merit Financial Group LLC owned about 0.38% of Capital Group Growth ETF worth $66,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank lifted its position in shares of Capital Group Growth ETF by 15.8% in the first quarter. Comerica Bank now owns 31,506 shares of the company’s stock worth $1,079,000 after purchasing an additional 4,308 shares in the last quarter. MAI Capital Management grew its position in Capital Group Growth ETF by 6.7% during the first quarter. MAI Capital Management now owns 97,866 shares of the company’s stock valued at $3,352,000 after purchasing an additional 6,164 shares in the last quarter. Betterment LLC increased its stake in Capital Group Growth ETF by 4.8% in the 1st quarter. Betterment LLC now owns 8,862 shares of the company’s stock valued at $304,000 after buying an additional 403 shares during the period. Royal Bank of Canada increased its stake in Capital Group Growth ETF by 17.8% in the 1st quarter. Royal Bank of Canada now owns 3,673,424 shares of the company’s stock valued at $125,815,000 after buying an additional 556,214 shares during the period. Finally, Focus Partners Advisor Solutions LLC lifted its position in Capital Group Growth ETF by 325.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 76,032 shares of the company’s stock worth $2,604,000 after buying an additional 58,182 shares in the last quarter.

Capital Group Growth ETF Stock Down 0.1%

Shares of NYSEARCA:CGGR opened at $44.80 on Wednesday. The firm has a fifty day moving average of $44.17 and a two-hundred day moving average of $42.89. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83. The firm has a market capitalization of $17.95 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.0424 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 19.0%.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.