Waverly Advisors LLC Makes New $10.72 Million Investment in Capital Group Growth ETF $CGGR

Waverly Advisors LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 227,039 shares of the company’s stock, valued at approximately $10,716,000.

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

Capital Group Growth ETF Stock Performance

CGGR opened at $46.86 on Thursday. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.02. The company has a market cap of $25.22 billion, a P/E ratio of 30.88 and a beta of 1.18. The business’s 50-day simple moving average is $46.38 and its 200-day simple moving average is $44.97.

Capital Group Growth ETF Announces Dividend

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

About Capital Group Growth ETF

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.