RFG Advisory LLC Reduces Stake in Capital Group Growth ETF $CGGR

RFG Advisory LLC cut its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 24.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,625 shares of the company’s stock after selling 19,001 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group Growth ETF were worth $2,814,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Trademark Financial Management LLC boosted its position in shares of Capital Group Growth ETF by 2.7% during the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock valued at $369,000 after acquiring an additional 242 shares during the last quarter. Sapient Capital LLC grew its holdings in shares of Capital Group Growth ETF by 3.9% in the second quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock valued at $318,000 after purchasing an additional 250 shares during the period. CFS Investment Advisory Services LLC increased its position in Capital Group Growth ETF by 0.6% during the second quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock worth $2,261,000 after purchasing an additional 290 shares during the last quarter. CoreCap Advisors LLC increased its position in Capital Group Growth ETF by 5.8% during the second quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after purchasing an additional 294 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its stake in Capital Group Growth ETF by 1.7% during the second quarter. KMG Fiduciary Partners LLC now owns 17,868 shares of the company’s stock worth $843,000 after purchasing an additional 298 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR stock opened at $46.36 on Friday. The company has a market capitalization of $24.95 billion, a PE ratio of 30.88 and a beta of 1.18. The firm’s 50-day moving average is $46.38 and its two-hundred day moving average is $44.99. Capital Group Growth ETF has a 12 month low of $38.55 and a 12 month high of $48.02.

Capital Group Growth ETF Announces Dividend

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

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.