Harbor Investment Advisory LLC Boosts Position in Capital Group Growth ETF $CGGR

Harbor Investment Advisory LLC grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 126.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,753 shares of the company’s stock after buying an additional 11,592 shares during the period. Harbor Investment Advisory LLC’s holdings in Capital Group Growth ETF were worth $911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGGR. Melone Private Wealth LLC bought a new stake in Capital Group Growth ETF during the third quarter valued at $637,000. Ergawealth Advisors Inc. raised its holdings in shares of Capital Group Growth ETF by 5.1% in the 3rd quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock valued at $29,346,000 after acquiring an additional 32,438 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Capital Group Growth ETF by 16.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock valued at $19,487,000 after acquiring an additional 63,418 shares in the last quarter. Johnson Bixby & Associates LLC boosted its position in shares of Capital Group Growth ETF by 1.6% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 1,345,920 shares of the company’s stock valued at $59,113,000 after acquiring an additional 21,434 shares during the last quarter. Finally, Beacon Financial Group boosted its position in shares of Capital Group Growth ETF by 21.6% during the 3rd quarter. Beacon Financial Group now owns 300,583 shares of the company’s stock valued at $13,202,000 after acquiring an additional 53,475 shares during the last quarter.

Capital Group Growth ETF Trading Down 0.5%

CGGR stock opened at $45.34 on Wednesday. The company’s 50 day moving average is $44.21 and its 200 day moving average is $43.29. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83.

Capital Group Growth ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued 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 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.