Capital Group Growth ETF (NYSEARCA:CGGR) is Capital Group Private Client Services Inc.’s Largest Position

Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,095,652 shares of the company’s stock after purchasing an additional 714,941 shares during the period. Capital Group Growth ETF comprises 6.9% of Capital Group Private Client Services Inc.’s portfolio, making the stock its largest holding. Capital Group Private Client Services Inc. owned about 11.81% of Capital Group Growth ETF worth $746,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC bought a new position in shares of Capital Group Growth ETF during the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in Capital Group Growth ETF during the fourth quarter valued at $33,000. Whipplewood Advisors LLC bought a new position in Capital Group Growth ETF in the fourth quarter valued at about $33,000. Larson Financial Group LLC purchased a new position in Capital Group Growth ETF in the fourth quarter worth about $38,000. Finally, Archer Investment Corp grew its stake in shares of Capital Group Growth ETF by 430.1% during the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after purchasing an additional 1,071 shares during the period.

Capital Group Growth ETF Stock Down 0.3 %

NYSEARCA CGGR opened at $32.47 on Friday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 27.00 and a beta of 1.17. The company has a 50-day moving average price of $35.41 and a 200-day moving average price of $36.66. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week 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.