Concurrent Investment Advisors LLC Purchases 166,559 Shares of Capital Group Growth ETF $CGGR

Concurrent Investment Advisors LLC lifted its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 41.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 565,299 shares of the company’s stock after acquiring an additional 166,559 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Group Growth ETF were worth $24,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Meridian Wealth Management LLC raised its position in Capital Group Growth ETF by 0.4% in the second quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock valued at $2,958,000 after purchasing an additional 261 shares during the last quarter. Professional Financial Advisors LLC increased its stake in shares of Capital Group Growth ETF by 0.9% in the second quarter. Professional Financial Advisors LLC now owns 31,051 shares of the company’s stock valued at $1,262,000 after buying an additional 272 shares during the period. Prosperity Financial Group Inc. raised its holdings in Capital Group Growth ETF by 4.5% in the 2nd quarter. Prosperity Financial Group Inc. now owns 6,525 shares of the company’s stock valued at $265,000 after buying an additional 281 shares during the last quarter. Visionary Wealth Advisors boosted its position in Capital Group Growth ETF by 2.9% during the 2nd quarter. Visionary Wealth Advisors now owns 12,601 shares of the company’s stock worth $512,000 after buying an additional 358 shares during the period. Finally, Trilogy Capital Inc. boosted its position in Capital Group Growth ETF by 2.8% during the 2nd quarter. Trilogy Capital Inc. now owns 13,428 shares of the company’s stock worth $546,000 after buying an additional 367 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $45.57 on Tuesday. The firm has a 50 day moving average price of $44.18 and a two-hundred day moving average price of $43.26. The stock has a market cap of $19.66 billion, a P/E 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 business also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.0424 dividend. This represents a 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.