Capital Group Growth ETF $CGGR Shares Purchased by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV increased its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 9.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 127,073 shares of the company’s stock after purchasing an additional 11,157 shares during the period. Capital Group Growth ETF comprises 1.8% of Townsend Asset Management Corp NC ADV’s holdings, making the stock its 16th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Capital Group Growth ETF were worth $5,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in Capital Group Growth ETF by 26.3% in the first quarter. Assetmark Inc. now owns 703,381 shares of the company’s stock valued at $28,269,000 after buying an additional 146,564 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of Capital Group Growth ETF during the first quarter worth about $7,176,000. Birchwood Financial Partners Inc. grew its stake in shares of Capital Group Growth ETF by 11.5% during the first quarter. Birchwood Financial Partners Inc. now owns 30,418 shares of the company’s stock worth $1,223,000 after acquiring an additional 3,147 shares during the last quarter. Ridgeline Wealth Planning LLC increased its holdings in shares of Capital Group Growth ETF by 1.0% during the first quarter. Ridgeline Wealth Planning LLC now owns 154,221 shares of the company’s stock valued at $6,198,000 after acquiring an additional 1,455 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Capital Group Growth ETF by 7.9% during the first quarter. D.A. Davidson & CO. now owns 905,700 shares of the company’s stock valued at $36,400,000 after acquiring an additional 66,504 shares in the last quarter.

Capital Group Growth ETF Stock Down 1.6%

Shares of Capital Group Growth ETF stock opened at $45.34 on Friday. The firm has a market capitalization of $24.00 billion, a P/E ratio of 30.88 and a beta of 1.17. The company has a 50 day moving average price of $46.41 and a 200 day moving average price of $44.42. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02.

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.