Riggs Capital Management LLC Invests $1.26 Million in Capital Group Growth ETF (NYSEARCA:CGGR)

Riggs Capital Management LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,751 shares of the company’s stock, valued at approximately $1,255,000. Capital Group Growth ETF comprises approximately 1.2% of Riggs Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in Capital Group Growth ETF in the 4th quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Capital Group Growth ETF during the 4th quarter worth about $33,000. Larson Financial Group LLC purchased a new stake in Capital Group Growth ETF in the 4th quarter valued at about $38,000. Archer Investment Corp lifted its position in Capital Group Growth ETF by 430.1% in the fourth 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, Harbor Investment Advisory LLC acquired a new stake in shares of Capital Group Growth ETF during the fourth quarter valued at about $80,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $34.30 on Monday. Capital Group Growth ETF has a one year low of $29.70 and a one year high of $39.96. The firm’s 50 day moving average price is $37.47 and its 200-day moving average price is $36.87. The firm has a market cap of $9.83 billion, a P/E ratio of 28.51 and a beta of 1.16.

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.