Confluence Wealth Services Inc. Buys 62,814 Shares of Capital Group Growth ETF $CGGR

Confluence Wealth Services Inc. grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,013,280 shares of the company’s stock after acquiring an additional 62,814 shares during the quarter. Capital Group Growth ETF accounts for 2.2% of Confluence Wealth Services Inc.’s portfolio, making the stock its 14th biggest holding. Confluence Wealth Services Inc. owned about 0.25% of Capital Group Growth ETF worth $44,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MRWM Advisors LLC boosted its stake in Capital Group Growth ETF by 9.4% in the 3rd quarter. MRWM Advisors LLC now owns 161,696 shares of the company’s stock worth $7,102,000 after purchasing an additional 13,845 shares in the last quarter. Charter Capital Management LLC DE lifted its stake in shares of Capital Group Growth ETF by 5.5% in the third quarter. Charter Capital Management LLC DE now owns 161,116 shares of the company’s stock worth $7,076,000 after buying an additional 8,465 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Capital Group Growth ETF by 21.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 23,981 shares of the company’s stock valued at $1,053,000 after buying an additional 4,163 shares during the last quarter. 4WEALTH Advisors Inc. bought a new stake in shares of Capital Group Growth ETF during the third quarter valued at approximately $200,000. Finally, Nwam LLC increased its position in shares of Capital Group Growth ETF by 7.6% during the third quarter. Nwam LLC now owns 22,556 shares of the company’s stock valued at $997,000 after acquiring an additional 1,593 shares in the last quarter.

Capital Group Growth ETF Trading Up 0.0%

CGGR stock opened at $44.89 on Friday. The stock’s 50 day simple moving average is $44.28 and its 200 day simple moving average is $43.34. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83. The stock has a market capitalization of $19.68 billion, a PE ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.0424 per share. This represents a dividend 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.