Melone Private Wealth LLC Takes Position in Capital Group Growth ETF $CGGR

Melone Private Wealth LLC acquired a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,500 shares of the company’s stock, valued at approximately $637,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in Capital Group Growth ETF by 29.0% in the second quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock valued at $424,630,000 after purchasing an additional 2,346,788 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 worth $423,073,000 after buying an additional 1,333,201 shares during the period. Cetera Investment Advisers grew its stake 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 buying an additional 1,247,558 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Capital Group Growth ETF by 49.3% in the 1st quarter. Jones Financial Companies Lllp now owns 3,322,912 shares of the company’s stock valued at $113,975,000 after buying an additional 1,097,272 shares during the period. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of Capital Group Growth ETF by 1,086.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,093,942 shares of the company’s stock valued at $44,468,000 after buying an additional 1,001,716 shares during the period.

Capital Group Growth ETF Price Performance

Shares of Capital Group Growth ETF stock opened at $45.12 on Monday. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The business has a 50-day moving average of $44.15 and a 200 day moving average of $42.81. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83.

Capital Group Growth ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be issued a $0.0424 dividend. The ex-dividend date is Friday, December 26th. This represents a dividend yield of 19.0%.

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.