Perennial Investment Advisors LLC Has $5.39 Million Stock Position in Capital Group Growth ETF $CGGR

Perennial Investment Advisors LLC grew its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 11.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 122,779 shares of the company’s stock after acquiring an additional 12,148 shares during the period. Perennial Investment Advisors LLC’s holdings in Capital Group Growth ETF were worth $5,392,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CGGR. Envestnet Asset Management Inc. increased its holdings in Capital Group Growth ETF by 15.4% in the third quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock valued at $529,291,000 after purchasing an additional 1,605,246 shares during the period. Jones Financial Companies Lllp lifted its holdings in Capital Group Growth ETF by 30.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock worth $261,802,000 after buying an additional 1,407,884 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Growth ETF by 14.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock worth $423,073,000 after buying an additional 1,333,201 shares during the period. Cetera Investment Advisers grew its position in shares of Capital Group Growth ETF by 25.2% in the 2nd quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock valued at $251,900,000 after buying an additional 1,247,558 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in shares of Capital Group Growth ETF by 474.3% in the 3rd quarter. Merit Financial Group LLC now owns 1,510,100 shares of the company’s stock valued at $66,324,000 after buying an additional 1,247,158 shares during the last quarter.

Capital Group Growth ETF Trading Down 0.2%

Shares of CGGR stock opened at $43.04 on Friday. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $43.87.

Capital Group Growth ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.0424 per share. This represents a yield of 19.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.