Investment Planning Advisors Inc. Cuts Stock Position in Capital Group Growth ETF $CGGR

Investment Planning Advisors Inc. trimmed its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,157 shares of the company’s stock after selling 12,349 shares during the period. Capital Group Growth ETF accounts for about 1.0% of Investment Planning Advisors Inc.’s holdings, making the stock its 17th biggest holding. Investment Planning Advisors Inc.’s holdings in Capital Group Growth ETF were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Growth ETF by 6.5% during the second quarter. Commonwealth Equity Services LLC now owns 12,435,851 shares of the company’s stock worth $505,517,000 after purchasing an additional 758,297 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Capital Group Growth ETF by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 11,478,224 shares of the company’s stock valued at $466,590,000 after buying an additional 72,811 shares during the period. Envestnet Asset Management Inc. lifted its position in Capital Group Growth ETF by 29.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock worth $424,630,000 after acquiring an additional 2,346,788 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Growth ETF by 14.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock worth $423,073,000 after acquiring an additional 1,333,201 shares during the period. Finally, Raymond James Financial Inc. grew its position in Capital Group Growth ETF by 8.8% in the second quarter. Raymond James Financial Inc. now owns 8,464,909 shares of the company’s stock valued at $344,099,000 after acquiring an additional 687,152 shares in the last quarter.

Capital Group Growth ETF Stock Down 0.7%

CGGR opened at $44.47 on Friday. The firm’s 50 day moving average is $44.17 and its 200-day moving average is $42.91. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The firm has a market capitalization of $17.81 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.0424 dividend. The ex-dividend date was Friday, December 26th. This represents a 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.