Perennial Investment Advisors LLC Has $5.39 Million Position in Capital Group Growth ETF $CGGR

Perennial Investment Advisors LLC lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,779 shares of the company’s stock after purchasing an additional 12,148 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Capital Group Growth ETF were worth $5,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in Capital Group Growth ETF by 15.4% in the third 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Growth ETF by 14.7% during 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 in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group Growth ETF by 25.2% during the 2nd 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 in the last quarter. Finally, Merit Financial Group LLC grew its position in Capital Group Growth ETF by 474.3% during the 3rd 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.

Capital Group Growth ETF Stock Down 0.2%

Shares of CGGR opened at $43.04 on Friday. The stock has a market cap of $19.07 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83. The business has a 50-day simple moving average of $44.05 and a two-hundred day simple moving average of $43.87.

Capital Group Growth ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Stockholders 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 dividend yield of 19.0%.

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.