Centerline Wealth Advisors LLC Sells 121,701 Shares of Capital Group Growth ETF $CGGR

Centerline Wealth Advisors LLC lessened its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 63.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,863 shares of the company’s stock after selling 121,701 shares during the period. Capital Group Growth ETF accounts for 1.1% of Centerline Wealth Advisors LLC’s holdings, making the stock its 22nd biggest holding. Centerline Wealth Advisors LLC’s holdings in Capital Group Growth ETF were worth $3,151,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Hazlett Burt & Watson Inc. raised its position in Capital Group Growth ETF by 806.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Capital Group Growth ETF during the 3rd quarter worth about $25,000. New Millennium Group LLC bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of Capital Group Growth ETF in the third quarter valued at about $29,000. Finally, Fifth Third Bancorp increased its stake in shares of 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 buying an additional 506 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $40.52 on Monday. The business has a 50-day moving average of $43.39 and a 200-day moving average of $43.88. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $45.83.

Capital Group Growth ETF Dividend Announcement

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

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.