Capital Group Growth ETF $CGGR Stock: IFP Advisors Inc Boosts Position

IFP Advisors Inc lifted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 24.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 749,889 shares of the company’s stock after buying an additional 145,840 shares during the quarter. Capital Group Growth ETF accounts for approximately 0.6% of IFP Advisors Inc’s portfolio, making the stock its 25th biggest position. IFP Advisors Inc’s holdings in Capital Group Growth ETF were worth $35,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Advance Capital Management Inc. raised its holdings in Capital Group Growth ETF by 239.5% in the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock valued at $114,949,000 after acquiring an additional 2,017,650 shares in the last quarter. Royal Bank of Canada lifted its stake in Capital Group Growth ETF by 30.1% in the first 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 last quarter. WNY Asset Management LLC acquired a new position in Capital Group Growth ETF during the 1st quarter worth approximately $72,542,000. Cetera Investment Advisers grew its holdings in Capital Group Growth ETF by 19.4% during the 1st quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock worth $393,899,000 after acquiring an additional 1,593,112 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Capital Group Growth ETF by 10.3% during the 1st quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock worth $570,450,000 after acquiring an additional 1,320,686 shares in the last quarter.

Capital Group Growth ETF Trading Down 2.2%

Shares of NYSEARCA:CGGR opened at $46.65 on Friday. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.69. The company’s 50 day moving average is $47.26 and its two-hundred day moving average is $45.98. The company has a market cap of $25.82 billion, a PE ratio of 30.88 and a beta of 1.18.

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.