Summit Investment Advisory Services LLC Invests $33.07 Million in Capital Group Growth ETF $CGGR

Summit Investment Advisory Services LLC bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 813,441 shares of the company’s stock, valued at approximately $33,066,000. Capital Group Growth ETF accounts for about 14.3% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of CGGR. Meridian Wealth Management LLC increased its position in Capital Group Growth ETF by 0.4% in the second quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock worth $2,958,000 after buying an additional 261 shares in the last quarter. Prosperity Financial Group Inc. lifted its position in shares of Capital Group Growth ETF by 4.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 6,525 shares of the company’s stock valued at $265,000 after buying an additional 281 shares in the last quarter. Hunter Associates Investment Management LLC grew its stake in shares of Capital Group Growth ETF by 1.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock valued at $853,000 after acquiring an additional 314 shares during the period. Visionary Wealth Advisors increased its holdings in Capital Group Growth ETF by 2.9% in the 2nd quarter. Visionary Wealth Advisors now owns 12,601 shares of the company’s stock worth $512,000 after acquiring an additional 358 shares in the last quarter. Finally, Trilogy Capital Inc. increased its holdings in Capital Group Growth ETF by 2.8% in the 2nd quarter. Trilogy Capital Inc. now owns 13,428 shares of the company’s stock worth $546,000 after acquiring an additional 367 shares in the last quarter.

Capital Group Growth ETF Trading Up 0.5%

NYSEARCA CGGR opened at $45.15 on Wednesday. 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 cap of $19.85 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company’s 50 day moving average is $44.45 and its two-hundred day moving average is $43.58.

Capital Group Growth ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.0424 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 19.0%.

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.