Capital Group Growth ETF $CGGR Shares Purchased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC increased its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 826,198 shares of the company’s stock after acquiring an additional 12,757 shares during the period. Capital Group Growth ETF comprises 14.4% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 2nd biggest holding. Summit Investment Advisory Services LLC owned 0.21% of Capital Group Growth ETF worth $36,287,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. raised its stake in shares of Capital Group Growth ETF by 806.5% in the third 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 last quarter. Atlantic Union Bankshares Corp bought a new stake in Capital Group Growth ETF during the third quarter worth $25,000. Banco de Sabadell S.A purchased a new stake in Capital Group Growth ETF in the 2nd quarter valued at $47,000. Whipplewood Advisors LLC lifted its stake in Capital Group Growth ETF by 32.5% during the 3rd quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock valued at $47,000 after acquiring an additional 261 shares in the last quarter. Finally, Armstrong Advisory Group Inc. bought a new position in Capital Group Growth ETF during the 3rd quarter valued at $52,000.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $42.65 on Friday. The company has a fifty day moving average price of $44.46 and a 200-day moving average price of $43.77. The firm has a market cap of $18.89 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 company also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.0424 dividend. This represents a yield of 19.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.