Brass Tax Wealth Management Inc. Acquires Shares of 302,039 Capital Group Growth ETF $CGGR

Brass Tax Wealth Management Inc. acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 302,039 shares of the company’s stock, valued at approximately $13,266,000. Capital Group Growth ETF makes up 2.2% of Brass Tax Wealth Management Inc.’s holdings, making the stock its 12th biggest holding. Brass Tax Wealth Management Inc. owned 0.08% of Capital Group Growth ETF as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CGGR. Raymond James Financial Inc. grew its stake in Capital Group Growth ETF by 31.7% in the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after acquiring an additional 2,680,056 shares during the period. Envestnet Asset Management Inc. raised its position in Capital Group Growth ETF by 15.4% during the third quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after acquiring an additional 1,605,246 shares during the period. Jones Financial Companies Lllp lifted its holdings in Capital Group Growth ETF by 30.7% during the third quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after purchasing an additional 1,407,884 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Growth ETF by 14.7% during the second 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 in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Capital Group Growth ETF by 25.2% in the second quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock valued at $251,900,000 after purchasing an additional 1,247,558 shares during the period.

Capital Group Growth ETF Stock Down 0.9%

Shares of NYSEARCA CGGR opened at $41.49 on Friday. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company’s 50-day simple moving average is $43.77 and its 200-day simple moving average is $43.90. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83.

Capital Group Growth ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 29th. Investors 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 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.