Prospera Financial Services Inc Grows Stock Holdings in Capital Group Growth ETF $CGGR

Prospera Financial Services Inc raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,186,243 shares of the company’s stock after buying an additional 111,926 shares during the period. Capital Group Growth ETF makes up approximately 0.9% of Prospera Financial Services Inc’s holdings, making the stock its 14th largest holding. Prospera Financial Services Inc owned about 0.30% of Capital Group Growth ETF worth $52,106,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in 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 purchasing an additional 2,346,788 shares during the last quarter. Jones Financial Companies Lllp raised its stake 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 worth $261,802,000 after buying an additional 1,407,884 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $423,073,000 after buying an additional 1,333,201 shares during the last quarter. 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 buying an additional 1,247,558 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in 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 valued at $66,324,000 after acquiring an additional 1,247,158 shares during the last quarter.

Capital Group Growth ETF Trading Up 0.9%

NYSEARCA:CGGR opened at $43.60 on Tuesday. The company has a market capitalization of $19.31 billion, a P/E ratio of 30.88 and a beta of 1.17. The firm has a 50-day moving average price of $44.56 and a two-hundred day moving average price of $43.74. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83.

Capital Group Growth ETF Announces Dividend

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

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.