Souders Financial Advisors Lowers Stock Holdings in Capital Group Growth ETF $CGGR

Souders Financial Advisors cut its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 348,402 shares of the company’s stock after selling 16,116 shares during the quarter. Capital Group Growth ETF accounts for 1.8% of Souders Financial Advisors’ investment portfolio, making the stock its 15th largest position. Souders Financial Advisors’ holdings in Capital Group Growth ETF were worth $15,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC increased its holdings in Capital Group Growth ETF by 0.4% in the 2nd quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock worth $2,958,000 after acquiring an additional 261 shares in the last quarter. Prosperity Financial Group Inc. increased its stake in shares of Capital Group Growth ETF by 4.5% during the second quarter. Prosperity Financial Group Inc. now owns 6,525 shares of the company’s stock worth $265,000 after purchasing an additional 281 shares in the last quarter. Hunter Associates Investment Management LLC increased its stake in shares of Capital Group Growth ETF by 1.6% during the third quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock worth $853,000 after purchasing an additional 314 shares in the last quarter. Visionary Wealth Advisors raised its position in shares of 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 purchasing an additional 358 shares during the last quarter. Finally, Signature Wealth Management Group lifted its stake in Capital Group Growth ETF by 2.3% in the 2nd quarter. Signature Wealth Management Group now owns 16,339 shares of the company’s stock valued at $664,000 after buying an additional 367 shares in the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $44.46 on Friday. The stock’s 50 day simple moving average is $44.62 and its 200-day simple moving average is $43.64. The company has a market cap of $19.65 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83.

Capital Group Growth ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.0424 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 19.0%.

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.