IFP Advisors Inc Has $28.51 Million Stock Position in Capital Group Growth ETF $CGGR

IFP Advisors Inc increased its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 604,049 shares of the company’s stock after purchasing an additional 33,559 shares during the period. IFP Advisors Inc owned approximately 0.11% of Capital Group Growth ETF worth $28,511,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Triumph Capital Management acquired a new stake in Capital Group Growth ETF during the third quarter worth about $29,000. Parkside Financial Bank & Trust acquired a new position in shares of Capital Group Growth ETF in the 2nd quarter valued at approximately $33,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Capital Group Growth ETF by 88.7% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock valued at $47,000 after buying an additional 500 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Capital Group Growth ETF during the 2nd quarter worth approximately $60,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Capital Group Growth ETF during the 2nd quarter worth approximately $80,000.

Capital Group Growth ETF Trading Down 0.5%

NYSEARCA CGGR opened at $46.95 on Wednesday. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The firm’s 50 day simple moving average is $46.38 and its 200 day simple moving average is $44.94. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02.

Capital Group Growth ETF Dividend Announcement

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

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.