Ergawealth Advisors Inc. Has $29.35 Million Stake in Capital Group Growth ETF $CGGR

Ergawealth Advisors Inc. lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 668,167 shares of the company’s stock after purchasing an additional 32,438 shares during the quarter. Capital Group Growth ETF comprises 13.7% of Ergawealth Advisors Inc.’s portfolio, making the stock its largest position. Ergawealth Advisors Inc. owned approximately 0.17% of Capital Group Growth ETF worth $29,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Warner Financial Inc. grew its stake in Capital Group Growth ETF by 17.7% during the 3rd quarter. Warner Financial Inc. now owns 42,649 shares of the company’s stock worth $1,873,000 after buying an additional 6,422 shares during the last quarter. Main Line Retirement Advisors LLC boosted its holdings in shares of Capital Group Growth ETF by 3.2% during the third quarter. Main Line Retirement Advisors LLC now owns 439,373 shares of the company’s stock valued at $19,297,000 after acquiring an additional 13,586 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Capital Group Growth ETF by 20.3% during the third quarter. Continuum Advisory LLC now owns 137,854 shares of the company’s stock valued at $6,055,000 after acquiring an additional 23,235 shares during the period. 5T Wealth LLC grew its position in shares of Capital Group Growth ETF by 11.0% during the third quarter. 5T Wealth LLC now owns 149,868 shares of the company’s stock worth $6,582,000 after acquiring an additional 14,850 shares during the last quarter. Finally, Melone Private Wealth LLC acquired a new stake in shares of Capital Group Growth ETF in the 3rd quarter worth about $637,000.

Capital Group Growth ETF Stock Down 0.6%

Shares of NYSEARCA:CGGR opened at $44.86 on Tuesday. The company’s 50-day moving average price is $44.16 and its 200 day moving average price is $42.85. The company has a market cap of $17.97 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83.

Capital Group Growth ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.0424 per share. This represents a dividend 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.