Envestnet Portfolio Solutions Inc. Has $3.56 Million Stock Position in Capital Group Growth ETF $CGGR

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,130 shares of the company’s stock after selling 12,575 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Growth ETF were worth $3,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGGR. Melone Private Wealth LLC acquired a new position in Capital Group Growth ETF during the third quarter worth approximately $637,000. WESPAC Advisors LLC bought a new position in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $545,000. Ergawealth Advisors Inc. increased its holdings in shares of Capital Group Growth ETF by 5.1% during the 3rd quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock worth $29,346,000 after acquiring an additional 32,438 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Capital Group Growth ETF by 16.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock worth $19,487,000 after acquiring an additional 63,418 shares during the last quarter. Finally, Johnson Bixby & Associates LLC raised its stake in Capital Group Growth ETF by 1.6% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 1,345,920 shares of the company’s stock valued at $59,113,000 after acquiring an additional 21,434 shares during the period.

Capital Group Growth ETF Price Performance

Shares of Capital Group Growth ETF stock opened at $44.86 on Monday. The business has a fifty day simple moving average of $44.35 and a two-hundred day simple moving average of $43.52. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $45.83. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.0424 dividend. The ex-dividend date 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.