Valmark Advisers Inc. Grows Stake in Capital Group Growth ETF $CGGR

Valmark Advisers Inc. raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577,629 shares of the company’s stock after purchasing an additional 64,025 shares during the period. Valmark Advisers Inc. owned 0.15% of Capital Group Growth ETF worth $25,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CGGR. Envestnet Asset Management Inc. increased its position in shares of 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 valued at $424,630,000 after purchasing an additional 2,346,788 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Growth ETF by 14.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock worth $423,073,000 after buying an additional 1,333,201 shares during the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Growth ETF by 25.2% during the second quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock worth $251,900,000 after buying an additional 1,247,558 shares during the period. Merit Financial Group LLC increased its position in Capital Group Growth ETF by 474.3% during the third quarter. Merit Financial Group LLC now owns 1,510,100 shares of the company’s stock valued at $66,324,000 after acquiring an additional 1,247,158 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Capital Group Growth ETF by 49.3% during the first quarter. Jones Financial Companies Lllp now owns 3,322,912 shares of the company’s stock valued at $113,975,000 after acquiring an additional 1,097,272 shares during the last quarter.

Capital Group Growth ETF Trading Up 0.7%

Shares of CGGR opened at $45.52 on Friday. The company’s fifty day simple moving average is $44.17 and its 200-day simple moving average is $43.17. The company has a market cap of $19.57 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83.

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 paid a $0.0424 dividend. The ex-dividend date of this dividend 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.