Sagespring Wealth Partners LLC Raises Stock Position in Capital Group Growth ETF $CGGR

Sagespring Wealth Partners LLC lifted its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 638,044 shares of the company’s stock after buying an additional 28,360 shares during the period. Sagespring Wealth Partners LLC’s holdings in Capital Group Growth ETF were worth $28,374,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. WealthCare Investment Partners LLC grew its position in Capital Group Growth ETF by 5.7% in the fourth quarter. WealthCare Investment Partners LLC now owns 292,764 shares of the company’s stock worth $13,043,000 after acquiring an additional 15,911 shares in the last quarter. Advance Capital Management Inc. increased its stake in Capital Group Growth ETF by 0.7% during the fourth quarter. Advance Capital Management Inc. now owns 842,498 shares of the company’s stock worth $37,466,000 after acquiring an additional 6,048 shares during the last quarter. Park Avenue Securities LLC raised its position in Capital Group Growth ETF by 13.4% during the fourth quarter. Park Avenue Securities LLC now owns 30,643 shares of the company’s stock valued at $1,363,000 after purchasing an additional 3,615 shares during the period. Triumph Capital Management purchased a new stake in Capital Group Growth ETF during the third quarter valued at approximately $29,000. Finally, Dean Jacobson Financial Services LLC bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at approximately $481,000.

Capital Group Growth ETF Stock Performance

Shares of Capital Group Growth ETF stock opened at $40.52 on Friday. The stock has a market cap of $17.95 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The stock has a 50 day moving average price of $43.39 and a 200-day moving average price of $43.86. 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 business also recently declared a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.0424 dividend. The ex-dividend date was Friday, December 26th. This represents a yield of 19.0%.

Capital Group Growth ETF Company 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.