MAI Capital Management Purchases 26,085 Shares of Capital Group Growth ETF $CGGR

MAI Capital Management grew its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 26.7% during the third quarter, HoldingsChannel.com reports. The firm owned 123,925 shares of the company’s stock after purchasing an additional 26,085 shares during the period. MAI Capital Management’s holdings in Capital Group Growth ETF were worth $5,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in 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 valued at $529,291,000 after buying an additional 1,605,246 shares during the last quarter. Jones Financial Companies Lllp increased its position in Capital Group Growth ETF by 30.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after acquiring an additional 1,407,884 shares during the period. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $423,073,000 after acquiring an additional 1,333,201 shares during the period. Cetera Investment Advisers raised 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 acquiring an additional 1,247,558 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 1,247,158 shares during the period.

Capital Group Growth ETF Stock Down 0.2%

Shares of Capital Group Growth ETF stock opened at $43.42 on Friday. The stock has a market cap of $19.24 billion, a price-to-earnings 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. The company’s fifty day moving average is $44.24 and its 200 day moving average is $43.84.

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 given a $0.0424 dividend. This represents a dividend yield of 19.0%. The ex-dividend date was Friday, December 26th.

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.