Bellevue Asset Management LLC Sells 35,419 Shares of Capital Group Growth ETF $CGGR

Bellevue Asset Management LLC lessened its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 13.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,780 shares of the company’s stock after selling 35,419 shares during the quarter. Capital Group Growth ETF makes up about 4.6% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Bellevue Asset Management LLC’s holdings in Capital Group Growth ETF were worth $9,916,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC grew its position in shares of Capital Group Growth ETF by 0.4% during the 2nd quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock valued at $2,958,000 after buying an additional 261 shares during the last quarter. Prosperity Financial Group Inc. lifted its holdings 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 worth $265,000 after acquiring an additional 281 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in 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 valued at $853,000 after acquiring an additional 314 shares during the period. Visionary Wealth Advisors boosted its stake in Capital Group Growth ETF by 2.9% in the second quarter. Visionary Wealth Advisors now owns 12,601 shares of the company’s stock valued at $512,000 after acquiring an additional 358 shares during the period. Finally, Signature Wealth Management Group grew its holdings in shares of Capital Group Growth ETF by 2.3% during the second quarter. Signature Wealth Management Group now owns 16,339 shares of the company’s stock valued at $664,000 after purchasing an additional 367 shares during the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA:CGGR opened at $44.54 on Tuesday. The firm has a market capitalization of $20.12 billion, a P/E ratio of 30.88 and a beta of 1.17. The business has a 50 day simple moving average of $44.65 and a 200 day simple moving average of $43.68. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83.

Capital Group Growth ETF Announces Dividend

The firm also recently declared 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%.

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.