Synergy Investment Management LLC Makes New Investment in Capital Group Growth ETF $CGGR

Synergy Investment Management LLC purchased a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 73,118 shares of the company’s stock, valued at approximately $3,211,000. Capital Group Growth ETF comprises approximately 1.2% of Synergy Investment Management LLC’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGGR. Envestnet Asset Management Inc. lifted its stake in Capital Group Growth ETF by 29.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock valued at $424,630,000 after purchasing an additional 2,346,788 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Capital Group Growth ETF by 30.7% in the third quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after buying an additional 1,407,884 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Growth ETF by 14.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock valued at $423,073,000 after buying an additional 1,333,201 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Capital Group Growth ETF by 25.2% during the 2nd quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock worth $251,900,000 after acquiring an additional 1,247,558 shares during the period. Finally, Merit Financial Group LLC increased its holdings in shares of Capital Group Growth ETF by 474.3% during the 3rd quarter. Merit Financial Group LLC now owns 1,510,100 shares of the company’s stock worth $66,324,000 after acquiring an additional 1,247,158 shares during the last quarter.

Capital Group Growth ETF Trading Up 0.9%

CGGR opened at $43.04 on Thursday. The stock’s fifty day simple moving average is $44.35 and its 200 day simple moving average is $43.80. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The stock has a market cap of $19.07 billion, a PE ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid 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 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.