Summit Global Investments Acquires 300 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Summit Global Investments boosted its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,043 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Summit Global Investments’ holdings in Capital Group Growth ETF were worth $559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in shares of Capital Group Growth ETF during the fourth quarter worth $33,000. Whipplewood Advisors LLC acquired a new position in Capital Group Growth ETF during the 4th quarter worth about $33,000. Larson Financial Group LLC acquired a new position in Capital Group Growth ETF during the 4th quarter worth about $38,000. Archer Investment Corp grew its position in shares of Capital Group Growth ETF by 430.1% in the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after buying an additional 1,071 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF in the third quarter valued at about $70,000.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $36.12 on Tuesday. The business has a 50-day moving average of $37.68 and a 200-day moving average of $36.79. Capital Group Growth ETF has a 1 year low of $29.70 and a 1 year high of $39.96. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 28.51 and a beta of 1.16.

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.