KPP Advisory Services LLC Takes Position in Capital Group Growth ETF $CGGR

KPP Advisory Services LLC acquired a new stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 152,461 shares of the company’s stock, valued at approximately $6,696,000. Capital Group Growth ETF comprises approximately 1.0% of KPP Advisory Services LLC’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake 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 worth $424,630,000 after purchasing an additional 2,346,788 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Growth ETF by 14.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock valued at $423,073,000 after buying an additional 1,333,201 shares during the period. Cetera Investment Advisers lifted its stake in shares of 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 valued at $251,900,000 after buying an additional 1,247,558 shares during the period. Merit Financial Group LLC boosted 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 worth $66,324,000 after acquiring an additional 1,247,158 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in Capital Group Growth ETF by 1,086.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,093,942 shares of the company’s stock worth $44,468,000 after acquiring an additional 1,001,716 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $44.93 on Tuesday. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83. The company has a market capitalization of $19.75 billion, a PE ratio of 30.88 and a beta of 1.17. The stock has a fifty day moving average of $44.40 and a two-hundred day moving average of $43.55.

Capital Group Growth ETF Dividend Announcement

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

Capital Group Growth ETF 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.