Capital Group Growth ETF $CGGR Stake Increased by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC increased its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.2% during the third quarter, HoldingsChannel reports. The fund owned 439,373 shares of the company’s stock after buying an additional 13,586 shares during the period. Capital Group Growth ETF comprises approximately 9.9% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Main Line Retirement Advisors LLC’s holdings in Capital Group Growth ETF were worth $19,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Comerica Bank grew its stake in shares of Capital Group Growth ETF by 15.8% during the 1st quarter. Comerica Bank now owns 31,506 shares of the company’s stock worth $1,079,000 after purchasing an additional 4,308 shares during the period. MAI Capital Management boosted its holdings in Capital Group Growth ETF by 6.7% during the first quarter. MAI Capital Management now owns 97,866 shares of the company’s stock worth $3,352,000 after buying an additional 6,164 shares in the last quarter. Betterment LLC grew its position in Capital Group Growth ETF by 4.8% during the first quarter. Betterment LLC now owns 8,862 shares of the company’s stock worth $304,000 after buying an additional 403 shares during the period. Royal Bank of Canada grew its position in Capital Group Growth ETF by 17.8% during the first quarter. Royal Bank of Canada now owns 3,673,424 shares of the company’s stock worth $125,815,000 after buying an additional 556,214 shares during the period. Finally, Ameriflex Group Inc. increased its holdings in Capital Group Growth ETF by 378.6% in the first quarter. Ameriflex Group Inc. now owns 28,388 shares of the company’s stock valued at $972,000 after buying an additional 22,457 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $44.86 on Tuesday. The business’s 50 day simple moving average is $44.16 and its 200-day simple moving average is $42.85. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83.

Capital Group Growth ETF Dividend Announcement

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

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.