Founders Financial Alliance LLC Has $5.10 Million Stock Position in Capital Group Growth ETF $CGGR

Founders Financial Alliance LLC increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 1,656.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,142 shares of the company’s stock after acquiring an additional 109,530 shares during the period. Capital Group Growth ETF comprises approximately 1.0% of Founders Financial Alliance LLC’s investment portfolio, making the stock its 21st largest holding. Founders Financial Alliance LLC’s holdings in Capital Group Growth ETF were worth $5,101,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its holdings in shares of Capital Group Growth ETF by 806.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Capital Group Growth ETF during the third quarter worth $25,000. Fifth Third Bancorp lifted its stake in Capital Group Growth ETF by 285.9% in the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock valued at $30,000 after acquiring an additional 506 shares during the last quarter. Banco de Sabadell S.A bought a new position in shares of Capital Group Growth ETF in the 2nd quarter valued at about $47,000. Finally, Whipplewood Advisors LLC increased its stake in shares of Capital Group Growth ETF by 32.5% during the 3rd quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock worth $47,000 after purchasing an additional 261 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $42.65 on Tuesday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The firm’s 50-day moving average is $44.42 and its 200-day moving average is $43.79.

Capital Group Growth ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.0424 dividend. This represents a dividend yield of 19.0%. The ex-dividend date of this dividend was 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.