Flynn Zito Capital Management LLC Invests $5.61 Million in Capital Group Growth ETF $CGGR

Flynn Zito Capital Management LLC bought a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) during the 3rd quarter, Holdings Channel.com reports. The firm bought 127,832 shares of the company’s stock, valued at approximately $5,614,000. Capital Group Growth ETF comprises about 2.1% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its position in shares of Capital Group Growth ETF by 806.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Atlantic Union Bankshares Corp bought a new position in Capital Group Growth ETF during the third quarter worth $25,000. Banco de Sabadell S.A bought a new position in Capital Group Growth ETF during the second quarter worth $47,000. Armstrong Advisory Group Inc. acquired a new position in Capital Group Growth ETF in the third quarter valued at $52,000. Finally, Archer Investment Corp boosted its position in Capital Group Growth ETF by 29.9% during the third quarter. Archer Investment Corp now owns 1,715 shares of the company’s stock valued at $75,000 after acquiring an additional 395 shares during the last quarter.

Capital Group Growth ETF Trading Down 2.0%

Shares of Capital Group Growth ETF stock opened at $43.63 on Wednesday. The business has a 50-day moving average price of $44.65 and a two-hundred day moving average price of $43.70. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The company has a market cap of $19.71 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Dividend Announcement

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