Capital Group Growth ETF $CGGR Stock Position Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 10.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 200,218 shares of the company’s stock after buying an additional 19,113 shares during the period. Smartleaf Asset Management LLC’s holdings in Capital Group Growth ETF were worth $8,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Growth ETF by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock valued at $424,630,000 after acquiring an additional 2,346,788 shares during the period. Jones Financial Companies Lllp increased its position in shares of Capital Group Growth ETF by 30.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after purchasing an additional 1,407,884 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Growth ETF by 14.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock valued at $423,073,000 after purchasing an additional 1,333,201 shares during the period. Cetera Investment Advisers raised its stake in shares of Capital Group Growth ETF by 25.2% in the 2nd quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock worth $251,900,000 after buying an additional 1,247,558 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Capital Group Growth ETF by 474.3% in the 3rd quarter. Merit Financial Group LLC now owns 1,510,100 shares of the company’s stock worth $66,324,000 after buying an additional 1,247,158 shares in the last quarter.

Capital Group Growth ETF Stock Up 2.2%

Shares of CGGR stock opened at $43.20 on Friday. The stock has a 50-day simple moving average of $44.57 and a 200 day simple moving average of $43.71. The stock has a market capitalization of $19.14 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83.

Capital Group Growth ETF Dividend Announcement

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