NewEdge Advisors LLC Buys 95,388 Shares of Capital Group Growth ETF $CGGR

NewEdge Advisors LLC raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.3% in the second quarter, Holdings Channel reports. The institutional investor owned 1,604,940 shares of the company’s stock after buying an additional 95,388 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Growth ETF were worth $75,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of Capital Group Growth ETF by 5.9% during the second quarter. IFP Advisors Inc now owns 604,049 shares of the company’s stock valued at $28,511,000 after buying an additional 33,559 shares during the period. Baird Financial Group Inc. grew its stake in Capital Group Growth ETF by 9.4% during the second quarter. Baird Financial Group Inc. now owns 2,187,427 shares of the company’s stock valued at $103,247,000 after acquiring an additional 188,068 shares in the last quarter. XY Planning Network Inc. bought a new stake in Capital Group Growth ETF during the 2nd quarter worth approximately $250,000. Allworth Financial LP lifted its stake in Capital Group Growth ETF by 0.3% in the 2nd quarter. Allworth Financial LP now owns 140,693 shares of the company’s stock worth $6,641,000 after purchasing an additional 445 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new stake in Capital Group Growth ETF in the 2nd quarter worth approximately $10,716,000.

Capital Group Growth ETF Price Performance

CGGR opened at $46.95 on Wednesday. The company has a fifty day moving average price of $46.38 and a 200-day moving average price of $44.94. The firm has a market capitalization of $25.26 billion, a P/E ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.02.

Capital Group Growth ETF Dividend Announcement

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 dividend of $0.0274 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a yield of 12.0%.

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.