McNamara Financial Services Inc. Cuts Holdings in Capital Group Growth ETF $CGGR

McNamara Financial Services Inc. lowered its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 46.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the company’s stock after selling 5,783 shares during the period. McNamara Financial Services Inc.’s holdings in Capital Group Growth ETF were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Capital Group Growth ETF by 3,325.0% in the 1st quarter. GAMMA Investing LLC now owns 39,079 shares of the company’s stock worth $1,338,000 after acquiring an additional 37,938 shares in the last quarter. CX Institutional bought a new position in Capital Group Growth ETF in the first quarter worth about $48,000. Wealth Enhancement Advisory Services LLC raised its holdings in Capital Group Growth ETF by 4.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,007,955 shares of the company’s stock worth $68,772,000 after purchasing an additional 83,798 shares in the last quarter. CRA Financial Services LLC lifted its position in shares of Capital Group Growth ETF by 7.6% during the first quarter. CRA Financial Services LLC now owns 6,639 shares of the company’s stock valued at $227,000 after buying an additional 469 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Capital Group Growth ETF by 5.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 92,462 shares of the company’s stock valued at $3,167,000 after buying an additional 5,115 shares in the last quarter.

Capital Group Growth ETF Stock Down 3.2%

Shares of Capital Group Growth ETF stock opened at $43.04 on Monday. The company has a market cap of $16.44 billion, a P/E ratio of 30.88 and a beta of 1.09. The firm’s 50 day moving average price is $43.04 and its 200-day moving average price is $39.46. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $44.71.

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.