Bellevue Asset Management LLC Buys New Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Bellevue Asset Management LLC bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 207,242 shares of the company’s stock, valued at approximately $5,850,000. Capital Group Growth ETF accounts for approximately 3.5% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGGR. Northwest Capital Management Inc bought a new position in Capital Group Growth ETF in the fourth quarter worth approximately $32,000. Tennessee Valley Asset Management Partners bought a new stake in Capital Group Growth ETF during the 4th quarter valued at $33,000. Winch Advisory Services LLC raised its holdings in Capital Group Growth ETF by 218.7% during the fourth quarter. Winch Advisory Services LLC now owns 1,463 shares of the company’s stock worth $41,000 after buying an additional 1,004 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Capital Group Growth ETF by 150.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock valued at $42,000 after buying an additional 900 shares in the last quarter. Finally, First Horizon Advisors Inc. acquired a new position in shares of Capital Group Growth ETF during the third quarter valued at about $46,000.

Capital Group Growth ETF Trading Up 1.1 %

Shares of CGGR traded up $0.35 on Friday, reaching $30.90. The company’s stock had a trading volume of 1,601,850 shares, compared to its average volume of 1,283,323. The stock has a market capitalization of $5.26 billion, a PE ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a twelve month low of $22.14 and a twelve month high of $32.35. The firm has a fifty day moving average of $31.31 and a 200-day moving average of $28.79.

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.