Richards Merrill & Peterson Inc. Purchases 14,965 Shares of Capital Group Growth ETF $CGGR

Richards Merrill & Peterson Inc. increased its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,742 shares of the company’s stock after acquiring an additional 14,965 shares during the period. Capital Group Growth ETF comprises approximately 1.2% of Richards Merrill & Peterson Inc.’s holdings, making the stock its 17th largest position. Richards Merrill & Peterson Inc.’s holdings in Capital Group Growth ETF were worth $3,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of Capital Group Growth ETF by 94.6% in the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after purchasing an additional 13,065,920 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after purchasing an additional 6,814,693 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Capital Group Growth ETF by 31.7% during the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after buying an additional 2,680,056 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Capital Group Growth ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock valued at $552,480,000 after buying an additional 2,580,345 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Capital Group Growth ETF by 11.5% in the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after buying an additional 1,322,744 shares in the last quarter.

Capital Group Growth ETF Stock Down 2.4%

Shares of CGGR stock opened at $45.56 on Wednesday. The company has a 50 day moving average price of $45.73 and a 200-day moving average price of $44.17. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02. The firm has a market capitalization of $22.65 billion, a PE ratio of 30.88 and a beta of 1.17.

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.