Ergawealth Advisors Inc. Has $25.84 Million Stock Position in Capital Group Growth ETF $CGGR

Ergawealth Advisors Inc. lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 635,729 shares of the company’s stock after purchasing an additional 27,035 shares during the quarter. Capital Group Growth ETF comprises about 11.6% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its largest holding. Ergawealth Advisors Inc.’s holdings in Capital Group Growth ETF were worth $25,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in Capital Group Growth ETF by 36.1% during the first quarter. LPL Financial LLC now owns 22,834,860 shares of the company’s stock worth $782,094,000 after purchasing an additional 6,059,534 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Capital Group Growth ETF by 13.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 11,677,554 shares of the company’s stock valued at $399,956,000 after purchasing an additional 1,415,798 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Growth ETF by 17.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,099,224 shares of the company’s stock worth $277,398,000 after buying an additional 1,175,119 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group Growth ETF by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,074,492 shares of the company’s stock valued at $310,801,000 after buying an additional 1,166,451 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Capital Group Growth ETF by 49.3% in the first quarter. Jones Financial Companies Lllp now owns 3,322,912 shares of the company’s stock valued at $113,975,000 after buying an additional 1,097,272 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $44.24 on Friday. The stock has a market capitalization of $16.82 billion, a P/E ratio of 30.88 and a beta of 1.09. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $44.71. The firm’s 50 day moving average is $42.78 and its 200-day moving average is $39.14.

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.