Captrust Financial Advisors Decreases Stake in Capital Group Growth ETF $CGGR

Captrust Financial Advisors cut its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,184,223 shares of the company’s stock after selling 25,496 shares during the quarter. Captrust Financial Advisors owned about 0.30% of Capital Group Growth ETF worth $52,011,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Melone Private Wealth LLC acquired a new stake in Capital Group Growth ETF in the third quarter valued at $637,000. WESPAC Advisors LLC purchased a new position in shares of Capital Group Growth ETF in the third quarter valued at $545,000. Ergawealth Advisors Inc. raised its stake 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 buying an additional 32,438 shares during the last quarter. DAVENPORT & Co LLC raised its stake 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 buying an additional 63,418 shares during the last quarter. Finally, Founders Financial Alliance LLC boosted its position in shares of Capital Group Growth ETF by 1,656.5% in the 3rd quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock worth $5,101,000 after buying an additional 109,530 shares in the last quarter.

Capital Group Growth ETF Trading Down 1.3%

Shares of NYSEARCA CGGR opened at $41.66 on Thursday. The stock has a market cap of $18.46 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. The company’s 50-day moving average price is $43.57 and its 200 day moving average price is $43.89.

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 paid 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.