Cwm LLC Boosts Holdings in Capital Group Growth ETF $CGGR

Cwm LLC raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 22.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,186,889 shares of the company’s stock after acquiring an additional 404,251 shares during the period. Cwm LLC’s holdings in Capital Group Growth ETF were worth $96,048,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CGGR. Blue Zone Wealth Advisors LLC grew its stake in Capital Group Growth ETF by 22.3% during the third quarter. Blue Zone Wealth Advisors LLC now owns 12,278 shares of the company’s stock valued at $539,000 after acquiring an additional 2,240 shares in the last quarter. Financial Council LLC grew its position in shares of Capital Group Growth ETF by 0.6% during the third quarter. Financial Council LLC now owns 435,240 shares of the company’s stock valued at $19,116,000 after purchasing an additional 2,634 shares in the last quarter. Ballew Advisors Inc grew its position in shares of Capital Group Growth ETF by 10.4% during the third quarter. Ballew Advisors Inc now owns 292,389 shares of the company’s stock valued at $12,815,000 after purchasing an additional 27,507 shares in the last quarter. Mascagni Wealth Management Inc. increased its holdings in shares of Capital Group Growth ETF by 3.4% in the third quarter. Mascagni Wealth Management Inc. now owns 16,396 shares of the company’s stock worth $720,000 after purchasing an additional 544 shares during the last quarter. Finally, World Investment Advisors increased its holdings in shares of Capital Group Growth ETF by 2.4% in the third quarter. World Investment Advisors now owns 129,757 shares of the company’s stock worth $5,699,000 after purchasing an additional 3,081 shares during the last quarter.

Capital Group Growth ETF Trading Up 0.3%

NYSEARCA:CGGR opened at $45.18 on Friday. The company has a market capitalization of $18.10 billion, a P/E ratio of 30.88 and a beta of 1.17. The business’s 50-day moving average is $44.13 and its 200 day moving average is $42.71. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83.

Capital Group Growth ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be given a dividend of $0.0424 per share. This represents a dividend yield of 19.0%. The ex-dividend date is Friday, December 26th.

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.