Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 52-Week High – What’s Next?

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high on Tuesday . The stock traded as high as $39.95 and last traded at $39.80, with a volume of 117 shares. The stock had previously closed at $39.84.

Capital Group Growth ETF Trading Down 1.0 %

The firm has a market capitalization of $6.68 billion, a P/E ratio of 28.99 and a beta of 1.22. The company has a 50 day simple moving average of $38.61 and a two-hundred day simple moving average of $36.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Group Private Client Services Inc. boosted its position in shares of Capital Group Growth ETF by 3.7% during the 4th quarter. Capital Group Private Client Services Inc. now owns 20,095,652 shares of the company’s stock valued at $746,955,000 after acquiring an additional 714,941 shares during the last quarter. LPL Financial LLC boosted its position in shares of Capital Group Growth ETF by 34.9% during the 4th quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock valued at $623,539,000 after acquiring an additional 4,337,156 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Capital Group Growth ETF by 2.6% during the 4th quarter. Bank of America Corp DE now owns 10,359,956 shares of the company’s stock valued at $385,080,000 after acquiring an additional 263,848 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Capital Group Growth ETF by 10.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,261,756 shares of the company’s stock valued at $381,429,000 after acquiring an additional 938,655 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Capital Group Growth ETF during the 4th quarter valued at approximately $257,888,000.

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.