BNB Wealth Management LLC Invests $5.32 Million in Capital Group Growth ETF $CGGR

BNB Wealth Management LLC bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 119,561 shares of the company’s stock, valued at approximately $5,317,000. Capital Group Growth ETF comprises about 3.4% of BNB Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other large investors have also recently made changes to their positions in the company. Challenger Wealth Management increased its holdings in shares of Capital Group Growth ETF by 2.5% in the fourth quarter. Challenger Wealth Management now owns 442,679 shares of the company’s stock worth $19,686,000 after purchasing an additional 10,901 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Capital Group Growth ETF by 109.2% in the fourth quarter. AQR Capital Management LLC now owns 17,079 shares of the company’s stock worth $760,000 after purchasing an additional 8,914 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Capital Group Growth ETF by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 8,207,815 shares of the company’s stock worth $365,002,000 after purchasing an additional 567,057 shares during the last quarter. Colter Lewis Investment Partners LLC bought a new stake in shares of Capital Group Growth ETF in the fourth quarter worth about $886,000. Finally, Hilltop Holdings Inc. increased its holdings in shares of Capital Group Growth ETF by 6.2% in the fourth quarter. Hilltop Holdings Inc. now owns 5,956 shares of the company’s stock worth $265,000 after purchasing an additional 350 shares during the last quarter.

Capital Group Growth ETF Trading Down 1.2%

CGGR opened at $46.09 on Thursday. The firm has a market cap of $22.91 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12 month low of $38.49 and a 12 month high of $48.02. The stock has a 50-day moving average of $45.34 and a 200 day moving average of $44.10.

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.