Benjamin Edwards Inc. Grows Position in Capital Group Growth ETF $CGGR

Benjamin Edwards Inc. raised its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 33.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,186 shares of the company’s stock after purchasing an additional 136,003 shares during the period. Benjamin Edwards Inc. owned 0.14% of Capital Group Growth ETF worth $23,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CGGR. Commonwealth Equity Services LLC boosted its holdings in Capital Group Growth ETF by 2.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,707,821 shares of the company’s stock worth $558,128,000 after buying an additional 271,970 shares during the period. Bank of America Corp DE lifted its position in shares of Capital Group Growth ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 11,478,224 shares of the company’s stock worth $466,590,000 after acquiring an additional 72,811 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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 worth $424,630,000 after acquiring an additional 2,346,788 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Growth ETF by 14.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock valued at $423,073,000 after purchasing an additional 1,333,201 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Capital Group Growth ETF by 8.8% in the second quarter. Raymond James Financial Inc. now owns 8,464,909 shares of the company’s stock valued at $344,099,000 after purchasing an additional 687,152 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $45.40 on Thursday. The stock’s 50-day simple moving average is $44.14 and its 200 day simple moving average is $43.11. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83.

Capital Group Growth ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.0424 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a 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.