Vestmark Advisory Solutions Inc. Reduces Holdings in Capital Group Growth ETF $CGGR

Vestmark Advisory Solutions Inc. trimmed its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 63.4% in the third quarter, HoldingsChannel.com reports. The fund owned 111,483 shares of the company’s stock after selling 193,263 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Growth ETF were worth $4,896,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Capital Group Growth ETF by 174.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock worth $10,954,000 after acquiring an additional 203,151 shares in the last quarter. Freedom Investment Management Inc. acquired a new position in shares of Capital Group Growth ETF in the second quarter worth about $417,000. Focus Partners Advisor Solutions LLC increased its holdings in Capital Group Growth ETF by 9.8% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 83,453 shares of the company’s stock worth $3,392,000 after purchasing an additional 7,421 shares during the last quarter. Chilton Capital Management LLC grew its position in shares of Capital Group Growth ETF by 100.3% in the 2nd quarter. Chilton Capital Management LLC now owns 3,097 shares of the company’s stock worth $126,000 after acquiring an additional 1,551 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Capital Group Growth ETF by 29.0% in the second 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 period.

Capital Group Growth ETF Trading Up 0.8%

Shares of NYSEARCA CGGR opened at $43.38 on Monday. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The firm has a 50-day moving average of $44.30 and a two-hundred day moving average of $43.83.

Capital Group Growth ETF Dividend Announcement

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

About Capital Group Growth ETF

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.