Capital Group Growth ETF $CGGR Stock Position Lifted by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC grew its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 826,198 shares of the company’s stock after acquiring an additional 12,757 shares during the quarter. Capital Group Growth ETF accounts for approximately 14.4% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 2nd biggest holding. Summit Investment Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $36,287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CGGR. Commonwealth Equity Services LLC grew its position in Capital Group Growth ETF by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 12,707,821 shares of the company’s stock valued at $558,128,000 after buying an additional 271,970 shares during the period. Envestnet Asset Management Inc. boosted its stake 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 acquiring an additional 1,605,246 shares during the last quarter. Bank of America Corp DE grew its position in shares of Capital Group Growth ETF by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 11,478,224 shares of the company’s stock valued at $466,590,000 after acquiring an additional 72,811 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $423,073,000 after purchasing an additional 1,333,201 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Capital Group Growth ETF by 8.8% during the 2nd quarter. Raymond James Financial Inc. now owns 8,464,909 shares of the company’s stock worth $344,099,000 after purchasing an additional 687,152 shares during the last quarter.

Capital Group Growth ETF Trading Up 0.3%

Capital Group Growth ETF stock opened at $42.65 on Friday. The business’s 50 day simple moving average is $44.46 and its 200 day simple moving average is $43.77. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83. The company has a market cap of $18.89 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.0424 per share. This represents a dividend yield of 19.0%. The ex-dividend date of this dividend 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.