Prime Capital Investment Advisors LLC Acquires 29,072 Shares of Capital Group Growth ETF $CGGR

Prime Capital Investment Advisors LLC raised its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 106.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,278 shares of the company’s stock after buying an additional 29,072 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Capital Group Growth ETF were worth $2,472,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CGGR. Hazlett Burt & Watson Inc. grew its stake in shares of Capital Group Growth ETF by 806.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Capital Group Growth ETF in the 3rd quarter valued at $25,000. Banco de Sabadell S.A bought a new stake in Capital Group Growth ETF in the 2nd quarter valued at $47,000. Armstrong Advisory Group Inc. acquired a new stake in Capital Group Growth ETF in the 3rd quarter worth $52,000. Finally, Archer Investment Corp increased its holdings in shares of Capital Group Growth ETF by 29.9% during the 3rd quarter. Archer Investment Corp now owns 1,715 shares of the company’s stock worth $75,000 after purchasing an additional 395 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $43.20 on Friday. The company has a 50-day simple moving average of $44.57 and a 200-day simple moving average of $43.71. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83. The firm has a market capitalization of $19.14 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.0424 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a 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.