Capital Group Growth ETF $CGGR Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management trimmed its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 767,749 shares of the company’s stock after selling 78,134 shares during the period. Capital Group Growth ETF accounts for about 1.2% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 24th biggest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Growth ETF were worth $33,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in Capital Group Growth ETF by 7.5% in the third quarter. Private Advisor Group LLC now owns 1,923,568 shares of the company’s stock valued at $84,483,000 after purchasing an additional 134,551 shares during the period. PFG Advisors boosted its position in shares of Capital Group Growth ETF by 10.2% in the third quarter. PFG Advisors now owns 455,404 shares of the company’s stock worth $20,001,000 after buying an additional 42,064 shares during the period. Obsidian Personal Planning Solutions LLC boosted its position in shares of Capital Group Growth ETF by 4.8% in the third quarter. Obsidian Personal Planning Solutions LLC now owns 237,737 shares of the company’s stock worth $10,667,000 after buying an additional 10,955 shares during the period. CreativeOne Wealth LLC grew its stake in shares of Capital Group Growth ETF by 31.8% in the third quarter. CreativeOne Wealth LLC now owns 8,919 shares of the company’s stock valued at $392,000 after buying an additional 2,151 shares in the last quarter. Finally, Alpha Financial Advisors LLC grew its stake in shares of Capital Group Growth ETF by 1.7% in the third quarter. Alpha Financial Advisors LLC now owns 425,345 shares of the company’s stock valued at $18,681,000 after buying an additional 7,067 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Capital Group Growth ETF stock opened at $42.29 on Monday. The stock’s 50 day moving average price is $43.99 and its 200 day moving average price is $43.90. The firm has a market capitalization of $18.73 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $45.83.

Capital Group Growth ETF Announces Dividend

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

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.