Canandaigua National Trust Co of Florida Makes New $1.47 Million Investment in Capital Group Growth ETF $CGGR

Canandaigua National Trust Co of Florida acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,983 shares of the company’s stock, valued at approximately $1,470,000. Capital Group Growth ETF makes up approximately 0.8% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 27th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Capital Group Growth ETF by 10.3% in the first quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock worth $570,450,000 after buying an additional 1,320,686 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Capital Group Growth ETF by 19.4% in the first quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock worth $393,899,000 after buying an additional 1,593,112 shares during the last quarter. Royal Bank of Canada lifted its position in Capital Group Growth ETF by 30.1% during the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock worth $338,724,000 after acquiring an additional 1,952,001 shares during the period. MML Investors Services LLC lifted its holdings in shares of Capital Group Growth ETF by 9.2% during the fourth quarter. MML Investors Services LLC now owns 3,643,866 shares of the company’s stock worth $162,043,000 after purchasing an additional 305,755 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in Capital Group Growth ETF by 17.3% during the 1st quarter. Kestra Advisory Services LLC now owns 3,021,423 shares of the company’s stock valued at $121,431,000 after acquiring an additional 445,273 shares during the period.

Capital Group Growth ETF Price Performance

CGGR stock traded down $0.15 during midday trading on Wednesday, hitting $48.32. 2,251,841 shares of the stock traded hands, compared to its average volume of 3,081,373. Capital Group Growth ETF has a 1-year low of $38.55 and a 1-year high of $48.69. The firm has a market cap of $26.51 billion, a P/E ratio of 30.88 and a beta of 1.18. The stock’s fifty day simple moving average is $46.92 and its 200-day simple moving average is $45.60.

Capital Group Growth ETF 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.