IMG Wealth Management Inc. Sells 29,499 Shares of Capital Group Growth ETF $CGGR

IMG Wealth Management Inc. trimmed its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 22.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 102,305 shares of the company’s stock after selling 29,499 shares during the period. Capital Group Growth ETF comprises approximately 2.6% of IMG Wealth Management Inc.’s holdings, making the stock its 12th biggest holding. IMG Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $4,112,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Trademark Financial Management LLC grew its stake in Capital Group Growth ETF by 2.7% during the first quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock valued at $369,000 after acquiring an additional 242 shares in the last quarter. Gemmer Asset Management LLC lifted its stake in Capital Group Growth ETF by 0.5% in the 4th quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock worth $2,204,000 after purchasing an additional 248 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in Capital Group Growth ETF by 7.8% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 4,417 shares of the company’s stock worth $196,000 after purchasing an additional 321 shares in the last quarter. Keystone Financial Services LLC boosted its holdings in Capital Group Growth ETF by 2.1% in the 4th quarter. Keystone Financial Services LLC now owns 16,572 shares of the company’s stock valued at $737,000 after purchasing an additional 336 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Capital Group Growth ETF by 6.7% in the 3rd quarter. First Trust Advisors LP now owns 5,527 shares of the company’s stock valued at $243,000 after purchasing an additional 349 shares during the period.

Capital Group Growth ETF Price Performance

CGGR opened at $44.58 on Tuesday. The firm has a market capitalization of $23.66 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.02. The company has a fifty day moving average price of $46.29 and a 200-day moving average price of $44.43.

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.