Brass Tax Wealth Management Inc. Takes Position in Capital Group Growth ETF $CGGR

Brass Tax Wealth Management Inc. purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 302,039 shares of the company’s stock, valued at approximately $13,266,000. Capital Group Growth ETF comprises approximately 2.2% of Brass Tax Wealth Management Inc.’s portfolio, making the stock its 12th largest position.

Several other large investors have also recently made changes to their positions in CGGR. Hazlett Burt & Watson Inc. raised its stake in Capital Group Growth ETF by 806.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Capital Group Growth ETF during the 3rd quarter worth $25,000. New Millennium Group LLC acquired a new stake in Capital Group Growth ETF during the 3rd quarter worth $25,000. Fifth Third Bancorp grew its holdings in shares of Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after buying an additional 506 shares in the last quarter. Finally, Banco de Sabadell S.A purchased a new stake in shares of Capital Group Growth ETF during the second quarter worth $47,000.

Capital Group Growth ETF Stock Down 0.9%

Shares of NYSEARCA CGGR opened at $41.49 on Friday. The firm has a 50-day simple moving average of $43.77 and a 200-day simple moving average of $43.90. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. 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 firm also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.0424 dividend. The ex-dividend date was Friday, December 26th. This represents a 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.