Sovran Advisors LLC Has $11.44 Million Position in Capital Group Growth ETF $CGGR

Sovran Advisors LLC trimmed its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,691 shares of the company’s stock after selling 22,051 shares during the period. Capital Group Growth ETF makes up approximately 1.0% of Sovran Advisors LLC’s holdings, making the stock its 17th biggest holding. Sovran Advisors LLC owned 0.06% of Capital Group Growth ETF worth $11,443,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Meridian Wealth Management LLC boosted its position in shares of Capital Group Growth ETF by 0.4% during the second quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock worth $2,958,000 after purchasing an additional 261 shares in the last quarter. Prosperity Financial Group Inc. grew its stake in Capital Group Growth ETF by 4.5% in the second quarter. Prosperity Financial Group Inc. now owns 6,525 shares of the company’s stock valued at $265,000 after acquiring an additional 281 shares during the period. Hunter Associates Investment Management LLC increased its holdings in shares of Capital Group Growth ETF by 1.6% in the third quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock worth $853,000 after acquiring an additional 314 shares in the last quarter. Visionary Wealth Advisors raised its position in shares of Capital Group Growth ETF by 2.9% during the second quarter. Visionary Wealth Advisors now owns 12,601 shares of the company’s stock worth $512,000 after purchasing an additional 358 shares during the period. Finally, Trilogy Capital Inc. raised its position in shares of Capital Group Growth ETF by 2.8% during the second quarter. Trilogy Capital Inc. now owns 13,428 shares of the company’s stock worth $546,000 after purchasing an additional 367 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $44.86 on Monday. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83. The company’s 50 day moving average price is $44.35 and its two-hundred day moving average price is $43.52. The company has a market capitalization of $19.69 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

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 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.