Prime Capital Investment Advisors LLC Has $2.47 Million Stock Position in Capital Group Growth ETF $CGGR

Prime Capital Investment Advisors LLC raised its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 106.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,278 shares of the company’s stock after purchasing an additional 29,072 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital Group Growth ETF were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised 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 worth $424,630,000 after buying an additional 2,346,788 shares during the last quarter. Jones Financial Companies Lllp raised 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 acquiring an additional 1,407,884 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Growth ETF by 14.7% in 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 boosted its position 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 purchasing an additional 1,247,558 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in shares of Capital Group Growth ETF by 474.3% during the third quarter. Merit Financial Group LLC now owns 1,510,100 shares of the company’s stock worth $66,324,000 after purchasing an additional 1,247,158 shares during the period.

Capital Group Growth ETF Trading Up 2.2%

NYSEARCA CGGR opened at $43.20 on Friday. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83. The stock has a 50-day simple moving average of $44.57 and a 200 day simple moving average of $43.71. The company has a market capitalization of $19.14 billion, a PE ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.0424 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 19.0%.

Capital Group Growth ETF 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.