Kestra Investment Management LLC Acquires 38,774 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Kestra Investment Management LLC raised its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,267 shares of the company’s stock after purchasing an additional 38,774 shares during the period. Capital Group Growth ETF accounts for about 1.7% of Kestra Investment Management LLC’s holdings, making the stock its 14th largest holding. Kestra Investment Management LLC owned about 0.67% of Capital Group Growth ETF worth $42,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cassady Schiller Wealth Management LLC purchased a new position in Capital Group Growth ETF during the third quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of Capital Group Growth ETF in the 4th quarter worth about $33,000. Archer Investment Corp boosted its stake in Capital Group Growth ETF by 430.1% in the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after purchasing an additional 1,071 shares in the last quarter. WFA of San Diego LLC purchased a new stake in Capital Group Growth ETF during the 3rd quarter valued at about $70,000. Finally, Harbor Investment Advisory LLC bought a new stake in Capital Group Growth ETF during the 4th quarter valued at about $80,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $39.84 on Tuesday. The firm’s 50 day moving average price is $38.57 and its 200-day moving average price is $36.17. Capital Group Growth ETF has a 52-week low of $29.70 and a 52-week high of $39.95. The company has a market cap of $6.78 billion, a PE ratio of 28.99 and a beta of 1.22.

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.