Capital Group Growth ETF $CGGR Shares Purchased by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,026,194 shares of the company’s stock after purchasing an additional 585,780 shares during the period. Capital Group Growth ETF makes up about 17.0% of Capital Group Private Client Services Inc.’s investment portfolio, making the stock its biggest position. Capital Group Private Client Services Inc. owned approximately 0.05% of Capital Group Growth ETF worth $1,068,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in Capital Group Growth ETF in the third quarter valued at about $25,000. New Millennium Group LLC acquired a new position in Capital Group Growth ETF in the third quarter valued at about $25,000. Triumph Capital Management acquired a new position in Capital Group Growth ETF in the third quarter valued at about $29,000. Fifth Third Bancorp lifted its position in shares of Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after purchasing an additional 506 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in shares of Capital Group Growth ETF by 32.5% during the third quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock worth $47,000 after purchasing an additional 261 shares in the last quarter.

Capital Group Growth ETF Stock Down 4.1%

NYSEARCA:CGGR opened at $45.28 on Friday. The company has a fifty day simple moving average of $44.39 and a two-hundred day simple moving average of $43.92. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52 week low of $38.49 and a 52 week high of $48.02.

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.