D.A. Davidson & CO. Buys 62,006 Shares of Capital Group Growth ETF $CGGR

D.A. Davidson & CO. raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 8.3% during the third quarter, Holdings Channel reports. The firm owned 809,012 shares of the company’s stock after buying an additional 62,006 shares during the quarter. D.A. Davidson & CO.’s holdings in Capital Group Growth ETF were worth $35,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Growth ETF by 29.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock valued at $424,630,000 after purchasing an additional 2,346,788 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Growth ETF by 14.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock worth $423,073,000 after buying an additional 1,333,201 shares during the period. Cetera Investment Advisers boosted its position in Capital Group Growth ETF by 25.2% during the 2nd quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock valued at $251,900,000 after acquiring an additional 1,247,558 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Capital Group Growth ETF by 474.3% during the 3rd quarter. Merit Financial Group LLC now owns 1,510,100 shares of the company’s stock worth $66,324,000 after acquiring an additional 1,247,158 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Capital Group Growth ETF by 49.3% in the 1st quarter. Jones Financial Companies Lllp now owns 3,322,912 shares of the company’s stock worth $113,975,000 after acquiring an additional 1,097,272 shares in the last quarter.

Capital Group Growth ETF Stock Up 0.2%

CGGR opened at $44.55 on Monday. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83. The stock has a market cap of $19.02 billion, a PE ratio of 30.88 and a beta of 1.17. The business has a 50 day moving average of $44.16 and a 200-day moving average of $43.00.

Capital Group Growth ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.0424 per share. This represents a dividend yield of 19.0%. The ex-dividend date was Friday, December 26th.

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.