Kovack Advisors Inc. Raises Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Kovack Advisors Inc. grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 56.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,176 shares of the company’s stock after buying an additional 8,036 shares during the quarter. Kovack Advisors Inc.’s holdings in Capital Group Growth ETF were worth $824,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CGGR. Northwest Financial Advisors increased its holdings in Capital Group Growth ETF by 1.9% in the fourth quarter. Northwest Financial Advisors now owns 14,892 shares of the company’s stock valued at $554,000 after buying an additional 280 shares during the last quarter. Professional Financial Advisors LLC boosted its holdings in Capital Group Growth ETF by 1.0% in the fourth quarter. Professional Financial Advisors LLC now owns 31,361 shares of the company’s stock valued at $1,166,000 after purchasing an additional 304 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Capital Group Growth ETF by 1.6% in the 4th quarter. Stephens Inc. AR now owns 19,138 shares of the company’s stock valued at $711,000 after buying an additional 310 shares in the last quarter. Signet Financial Management LLC grew its holdings in shares of Capital Group Growth ETF by 0.3% during the fourth quarter. Signet Financial Management LLC now owns 117,769 shares of the company’s stock worth $4,377,000 after purchasing an additional 382 shares during the last quarter. Finally, Convergence Financial LLC increased its position in Capital Group Growth ETF by 7.5% during the fourth quarter. Convergence Financial LLC now owns 6,251 shares of the company’s stock worth $232,000 after buying an additional 437 shares during the period.

Capital Group Growth ETF Trading Down 2.4 %

Capital Group Growth ETF stock opened at $36.64 on Friday. The stock has a 50 day moving average of $38.53 and a two-hundred day moving average of $36.49. Capital Group Growth ETF has a twelve month low of $29.70 and a twelve month high of $39.96. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

About Capital Group Growth ETF

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.