NavPoint Financial Inc. Lowers Stock Position in Capital Group Growth ETF $CGGR

NavPoint Financial Inc. reduced its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,598 shares of the company’s stock after selling 493 shares during the quarter. Capital Group Growth ETF comprises approximately 0.6% of NavPoint Financial Inc.’s portfolio, making the stock its 28th biggest holding. NavPoint Financial Inc.’s holdings in Capital Group Growth ETF were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Capital Group Growth ETF in the first quarter valued at approximately $30,000. Exchange Traded Concepts LLC bought a new stake in shares of Capital Group Growth ETF in the 2nd quarter worth approximately $921,000. CX Institutional purchased a new stake in shares of Capital Group Growth ETF in the 1st quarter valued at $48,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Capital Group Growth ETF by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,007,955 shares of the company’s stock valued at $68,772,000 after purchasing an additional 83,798 shares in the last quarter. Finally, Lantz Financial LLC grew its holdings in shares of Capital Group Growth ETF by 2.5% during the 2nd quarter. Lantz Financial LLC now owns 95,277 shares of the company’s stock valued at $3,873,000 after purchasing an additional 2,356 shares during the last quarter.

Capital Group Growth ETF Stock Down 0.2%

Shares of NYSEARCA:CGGR opened at $44.46 on Friday. The company’s fifty day moving average is $43.00 and its 200 day moving average is $39.36. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $44.71. The stock has a market cap of $16.96 billion, a PE ratio of 30.88 and a beta of 1.09.

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.