Confluence Wealth Services Inc. Boosts Stock Position in Capital Group Growth ETF $CGGR

Confluence Wealth Services Inc. lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 1,013,280 shares of the company’s stock after acquiring an additional 62,814 shares during the period. Capital Group Growth ETF makes up approximately 2.2% of Confluence Wealth Services Inc.’s holdings, making the stock its 14th largest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Growth ETF were worth $44,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGGR. MRWM Advisors LLC lifted its holdings in Capital Group Growth ETF by 9.4% during the third quarter. MRWM Advisors LLC now owns 161,696 shares of the company’s stock valued at $7,102,000 after purchasing an additional 13,845 shares in the last quarter. Charter Capital Management LLC DE raised its position in shares of Capital Group Growth ETF by 5.5% during the 3rd quarter. Charter Capital Management LLC DE now owns 161,116 shares of the company’s stock valued at $7,076,000 after purchasing an additional 8,465 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in Capital Group Growth ETF by 21.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 23,981 shares of the company’s stock valued at $1,053,000 after acquiring an additional 4,163 shares during the period. 4WEALTH Advisors Inc. purchased a new position in shares of Capital Group Growth ETF in the third quarter valued at about $200,000. Finally, Nwam LLC boosted its stake in shares of Capital Group Growth ETF by 7.6% in the third quarter. Nwam LLC now owns 22,556 shares of the company’s stock worth $997,000 after acquiring an additional 1,593 shares during the period.

Capital Group Growth ETF Trading Up 0.0%

NYSEARCA:CGGR opened at $44.89 on Friday. The stock has a 50-day moving average price of $44.28 and a 200 day moving average price of $43.34. The stock has a market capitalization of $19.68 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83.

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 issued a $0.0424 dividend. 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.