Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 1-Year High – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high during trading on Monday . The company traded as high as $48.11 and last traded at $48.1380, with a volume of 1722887 shares traded. The stock had previously closed at $46.77.

Capital Group Growth ETF Stock Down 0.2%

The stock has a market capitalization of $26.30 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The business’s 50 day simple moving average is $46.41 and its 200-day simple moving average is $45.21.

Capital Group Growth ETF Dividend Announcement

The business also recently announced a semiannual dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a $0.0274 dividend. The ex-dividend date was Tuesday, June 30th. This represents a yield of 12.0%.

Institutional Trading of Capital Group Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Analysts LLC increased its holdings in shares of Capital Group Growth ETF by 19.1% during the 2nd quarter. Capital Analysts LLC now owns 485,351 shares of the company’s stock valued at $22,908,000 after acquiring an additional 77,901 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Capital Group Growth ETF by 10.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 190,242 shares of the company’s stock worth $8,979,000 after purchasing an additional 17,507 shares during the last quarter. NewEdge Advisors LLC boosted its position in Capital Group Growth ETF by 6.3% during the second quarter. NewEdge Advisors LLC now owns 1,604,940 shares of the company’s stock worth $75,753,000 after purchasing an additional 95,388 shares during the period. IFP Advisors Inc grew its holdings in Capital Group Growth ETF by 5.9% during the second quarter. IFP Advisors Inc now owns 604,049 shares of the company’s stock valued at $28,511,000 after purchasing an additional 33,559 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Capital Group Growth ETF by 9.4% in the second quarter. Baird Financial Group Inc. now owns 2,187,427 shares of the company’s stock valued at $103,247,000 after purchasing an additional 188,068 shares during the period.

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.