Processus Wealth & Capital Management LLC Purchases Shares of 11,759 Capital Group Growth ETF $CGGR

Processus Wealth & Capital Management LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,759 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors also recently modified their holdings of CGGR. Commonwealth Equity Services LLC increased its stake in shares of Capital Group Growth ETF by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 12,707,821 shares of the company’s stock valued at $558,128,000 after buying an additional 271,970 shares during the period. Bank of America Corp DE increased its position in Capital Group Growth ETF by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 11,478,224 shares of the company’s stock valued at $466,590,000 after purchasing an additional 72,811 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Growth ETF by 29.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock valued at $424,630,000 after purchasing an additional 2,346,788 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Growth ETF by 14.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock worth $423,073,000 after purchasing an additional 1,333,201 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Capital Group Growth ETF by 8.8% in the 2nd quarter. Raymond James Financial Inc. now owns 8,464,909 shares of the company’s stock worth $344,099,000 after purchasing an additional 687,152 shares during the period.

Capital Group Growth ETF Trading Up 0.2%

Shares of CGGR opened at $44.54 on Tuesday. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The firm’s 50-day moving average price is $44.65 and its 200-day moving average price is $43.68. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Dividend Announcement

The company also recently disclosed 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 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.