Synergy Investment Management LLC Takes Position in Capital Group Growth ETF $CGGR

Synergy Investment Management LLC bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 73,118 shares of the company’s stock, valued at approximately $3,211,000. Capital Group Growth ETF accounts for approximately 1.2% of Synergy Investment Management LLC’s holdings, making the stock its 24th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Melone Private Wealth LLC bought a new position in shares of Capital Group Growth ETF in the 3rd quarter worth about $637,000. WESPAC Advisors LLC acquired a new stake in Capital Group Growth ETF during the third quarter worth approximately $545,000. Ergawealth Advisors Inc. grew its stake in Capital Group Growth ETF by 5.1% during the third quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock worth $29,346,000 after purchasing an additional 32,438 shares during the period. DAVENPORT & Co LLC increased its holdings in Capital Group Growth ETF by 16.7% in the third quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock worth $19,487,000 after purchasing an additional 63,418 shares in the last quarter. Finally, Johnson Bixby & Associates LLC lifted its stake in Capital Group Growth ETF by 1.6% in the third quarter. Johnson Bixby & Associates LLC now owns 1,345,920 shares of the company’s stock valued at $59,113,000 after buying an additional 21,434 shares during the period.

Capital Group Growth ETF Stock Performance

Capital Group Growth ETF stock opened at $43.04 on Thursday. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The stock’s 50 day moving average price is $44.35 and its two-hundred day moving average price is $43.80.

Capital Group Growth ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.0424 per share. The ex-dividend date of this dividend 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.