NewEdge Advisors LLC Grows Stock Position in Capital Group Growth ETF $CGGR

NewEdge Advisors LLC raised its position in Capital Group Growth ETF (NYSEARCA:CGGRFree Report) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,604,940 shares of the company’s stock after buying an additional 95,388 shares during the quarter. NewEdge Advisors LLC owned about 0.30% of Capital Group Growth ETF worth $75,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CGGR. Goldman Sachs Group Inc. raised its stake in Capital Group Growth ETF by 174.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock valued at $10,954,000 after acquiring an additional 203,151 shares during the period. First Trust Advisors LP bought a new position in Capital Group Growth ETF during the second quarter worth about $211,000. Cerity Partners LLC boosted its position in Capital Group Growth ETF by 176.7% during the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after purchasing an additional 42,631 shares during the period. Sei Investments Co. increased its stake in shares of Capital Group Growth ETF by 19.5% in the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after purchasing an additional 189,933 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF in the second quarter worth about $320,000.

Capital Group Growth ETF Stock Down 0.5%

NYSEARCA CGGR opened at $46.95 on Wednesday. The company’s 50 day moving average is $46.38 and its 200-day moving average is $44.94. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02. The firm has a market cap of $25.26 billion, a P/E ratio of 30.88 and a beta of 1.18.

Capital Group Growth ETF Announces Dividend

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

About Capital Group Growth ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Capital Group Growth ETF (NYSEARCA:CGGR)

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