Smith Thornton Advisors LLC Makes New $2.77 Million Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Smith Thornton Advisors LLC bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 74,535 shares of the company’s stock, valued at approximately $2,770,000. Capital Group Growth ETF accounts for 1.8% of Smith Thornton Advisors LLC’s portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cassady Schiller Wealth Management LLC acquired a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at $35,000. Fairscale Capital LLC acquired a new position in shares of Capital Group Growth ETF in the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Capital Group Growth ETF in the 2nd quarter valued at $58,000. Finally, WFA of San Diego LLC bought a new stake in Capital Group Growth ETF in the 3rd quarter valued at $70,000.

Capital Group Growth ETF Trading Up 2.4 %

CGGR opened at $38.12 on Thursday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 12 month low of $27.77 and a 12 month high of $39.36. The firm’s fifty day simple moving average is $37.79 and its 200 day simple moving average is $35.17.

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.