Concurrent Investment Advisors LLC Raises Stock Holdings in Capital Group Growth ETF $CGGR

Concurrent Investment Advisors LLC lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,116,891 shares of the company’s stock after buying an additional 104,830 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.21% of Capital Group Growth ETF worth $52,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in Capital Group Growth ETF in the 3rd quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Capital Group Growth ETF by 88.7% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Trust Co. of Vermont purchased a new position in Capital Group Growth ETF during the second quarter valued at approximately $60,000. Godfrey Financial Associates Inc. bought a new position in shares of Capital Group Growth ETF in the fourth quarter worth approximately $78,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of Capital Group Growth ETF in the second quarter worth approximately $80,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $47.28 on Friday. The stock has a market cap of $25.44 billion, a PE ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02. The firm has a fifty day moving average price of $46.35 and a 200-day moving average price of $44.85.

Capital Group Growth ETF Announces Dividend

The company also recently announced a semiannual dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a $0.0274 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a yield of 12.0%.

About Capital Group Growth ETF

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.