Melone Private Wealth LLC Invests $637,000 in Capital Group Growth ETF $CGGR

Melone Private Wealth LLC purchased a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,500 shares of the company’s stock, valued at approximately $637,000.

Other hedge funds also recently added to or reduced their stakes in the company. Everpar Advisors LLC lifted its position in shares of Capital Group Growth ETF by 14.2% during the 3rd quarter. Everpar Advisors LLC now owns 121,291 shares of the company’s stock worth $5,327,000 after buying an additional 15,119 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Capital Group Growth ETF by 12.5% in the 3rd quarter. Perigon Wealth Management LLC now owns 7,758 shares of the company’s stock valued at $341,000 after buying an additional 861 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Capital Group Growth ETF by 157.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 211,885 shares of the company’s stock worth $9,306,000 after acquiring an additional 129,587 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in Capital Group Growth ETF by 2.2% in the third quarter. 180 Wealth Advisors LLC now owns 20,744 shares of the company’s stock valued at $911,000 after acquiring an additional 450 shares during the last quarter. Finally, Castle Rock Wealth Management LLC lifted its position in Capital Group Growth ETF by 7.9% in the third quarter. Castle Rock Wealth Management LLC now owns 6,059 shares of the company’s stock valued at $268,000 after acquiring an additional 442 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $45.12 on Monday. The stock’s 50-day moving average is $44.15 and its two-hundred day moving average is $42.81. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $45.83.

Capital Group Growth ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be paid a dividend of $0.0424 per share. This represents a yield of 19.0%. The ex-dividend date is Friday, December 26th.

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.