Capital Group Growth ETF $CGGR Shares Bought by IMG Wealth Management Inc.

IMG Wealth Management Inc. boosted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 14.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 128,590 shares of the company’s stock after acquiring an additional 16,543 shares during the quarter. Capital Group Growth ETF comprises approximately 3.8% of IMG Wealth Management Inc.’s portfolio, making the stock its 8th largest holding. IMG Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $5,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flynn Zito Capital Management LLC acquired a new stake in Capital Group Growth ETF in the 3rd quarter valued at $5,614,000. J.W. Cole Advisors Inc. increased its position in shares of Capital Group Growth ETF by 16.8% during the third quarter. J.W. Cole Advisors Inc. now owns 123,315 shares of the company’s stock worth $5,416,000 after acquiring an additional 17,770 shares in the last quarter. Fearless Solutions LLC dba Best Invest increased its position in shares of Capital Group Growth ETF by 5.2% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 97,906 shares of the company’s stock worth $4,300,000 after acquiring an additional 4,799 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Growth ETF by 15.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after acquiring an additional 1,605,246 shares during the last quarter. Finally, Aspen Capital Management LLC bought a new position in Capital Group Growth ETF in the 3rd quarter valued at about $201,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $42.97 on Thursday. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83. The stock has a 50 day moving average price of $44.63 and a two-hundred day moving average price of $43.69. The firm has a market capitalization of $19.04 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued 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.