Gateway Wealth Partners LLC Increases Stake in Capital Group Growth ETF $CGGR

Gateway Wealth Partners LLC boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 109.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,912 shares of the company’s stock after purchasing an additional 22,971 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Capital Group Growth ETF were worth $1,929,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CGGR. Hazlett Burt & Watson Inc. grew its position in Capital Group Growth ETF by 806.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Capital Group Growth ETF in the third quarter valued at approximately $25,000. Banco de Sabadell S.A acquired a new position in Capital Group Growth ETF during the second quarter valued at approximately $47,000. Armstrong Advisory Group Inc. purchased a new stake in Capital Group Growth ETF during the third quarter worth approximately $52,000. Finally, Archer Investment Corp increased its position in shares of Capital Group Growth ETF by 29.9% in the third quarter. Archer Investment Corp now owns 1,715 shares of the company’s stock worth $75,000 after acquiring an additional 395 shares in the last quarter.

Capital Group Growth ETF Trading Up 2.2%

Shares of CGGR stock opened at $43.20 on Monday. The company has a market cap of $19.14 billion, a PE ratio of 30.88 and a beta of 1.17. The company’s fifty day simple moving average is $44.57 and its 200-day simple moving average is $43.73. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83.

Capital Group Growth ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.0424 per share. 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.