Concurrent Investment Advisors LLC Acquires 104,830 Shares of Capital Group Growth ETF $CGGR

Concurrent Investment Advisors LLC increased its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 10.4% during the second quarter, Holdings Channel reports. The firm owned 1,116,891 shares of the company’s stock after acquiring an additional 104,830 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Group Growth ETF were worth $52,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley grew its holdings in Capital Group Growth ETF by 94.6% during the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after buying an additional 13,065,920 shares in the last quarter. LPL Financial LLC raised its position in shares of Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after buying an additional 6,814,693 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Growth ETF by 31.7% in the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after buying an additional 2,680,056 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Capital Group Growth ETF by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after buying an additional 2,580,345 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its position in shares of Capital Group Growth ETF by 239.5% during the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after acquiring an additional 2,017,650 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR opened at $47.28 on Friday. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The firm has a fifty day moving average price of $46.35 and a 200 day moving average price of $44.85. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.02.

Capital Group Growth ETF Announces Dividend

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.0274 per share. This represents a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.