PFG Investments LLC Invests $786,000 in Capital Group Growth ETF $CGGR

PFG Investments LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,899 shares of the company’s stock, valued at approximately $786,000.

A number of other institutional investors have also made changes to their positions in CGGR. Envestnet Asset Management Inc. grew its position in Capital Group Growth ETF by 29.0% in the second 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. boosted 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 stake in shares of 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 worth $251,900,000 after buying an additional 1,247,558 shares during the last quarter. Merit Financial Group LLC grew its holdings 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 valued at $66,324,000 after acquiring an additional 1,247,158 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its position in shares of Capital Group Growth ETF by 1,086.2% in the second quarter. Great Valley Advisor Group Inc. now owns 1,093,942 shares of the company’s stock valued at $44,468,000 after acquiring an additional 1,001,716 shares during the last quarter.

Capital Group Growth ETF Stock Performance

CGGR opened at $44.93 on Tuesday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The firm has a market capitalization of $19.75 billion, a PE ratio of 30.88 and a beta of 1.17. The business’s 50-day simple moving average is $44.40 and its 200 day simple moving average is $43.55.

Capital Group Growth ETF Announces Dividend

The business 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. The ex-dividend date 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.