Bellevue Asset Management LLC Sells 497 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Bellevue Asset Management LLC cut its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,716 shares of the company’s stock after selling 497 shares during the quarter. Capital Group Growth ETF comprises about 4.4% of Bellevue Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Bellevue Asset Management LLC owned approximately 0.13% of Capital Group Growth ETF worth $8,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cassady Schiller Wealth Management LLC bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. Oakworth Capital Inc. bought a new position in Capital Group Growth ETF during the fourth quarter valued at $33,000. Whipplewood Advisors LLC bought a new position in shares of Capital Group Growth ETF in the fourth quarter worth $33,000. Archer Investment Corp boosted its holdings in shares of Capital Group Growth ETF by 430.1% in the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after acquiring an additional 1,071 shares during the period. Finally, WFA of San Diego LLC bought a new stake in Capital Group Growth ETF during the third quarter valued at $70,000.

Capital Group Growth ETF Stock Up 1.9 %

NYSEARCA CGGR opened at $36.70 on Thursday. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 29.74 and a beta of 1.16. The stock’s 50-day simple moving average is $38.43 and its two-hundred day simple moving average is $36.62. Capital Group Growth ETF has a twelve month low of $29.70 and a twelve month high of $39.96.

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.