Townsend Asset Management Corp NC ADV Sells 11,184 Shares of Capital Group Growth ETF $CGGR

Townsend Asset Management Corp NC ADV reduced its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 8.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 119,868 shares of the company’s stock after selling 11,184 shares during the quarter. Capital Group Growth ETF accounts for approximately 1.9% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 16th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Capital Group Growth ETF were worth $5,265,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Banco de Sabadell S.A purchased a new position in Capital Group Growth ETF in the second quarter valued at about $47,000. Trust Co. of Vermont bought a new stake in shares of Capital Group Growth ETF in the 2nd quarter worth approximately $51,000. Armstrong Advisory Group Inc. purchased a new position in Capital Group Growth ETF in the third quarter valued at approximately $52,000. Beacon Capital Management LLC bought a new position in Capital Group Growth ETF during the second quarter valued at $77,000. Finally, WFA of San Diego LLC bought a new position in Capital Group Growth ETF during the second quarter valued at $81,000.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $45.12 on Friday. The firm has a market cap of $18.08 billion, a PE ratio of 30.88 and a beta of 1.17. The stock’s fifty day moving average price is $44.15 and its two-hundred day moving average price is $42.76. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $45.83.

Capital Group Growth ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be paid a $0.0424 dividend. This represents a yield of 19.0%. The ex-dividend date is 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.