Capital Group Growth ETF (NYSEARCA:CGGR) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Capital Group Growth ETF (NYSEARCA:CGGR) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $45.26 and traded as low as $44.07. Capital Group Growth ETF shares last traded at $44.30, with a volume of 7,395,066 shares.

Capital Group Growth ETF Stock Down 4.7%

The business has a 50-day moving average price of $47.06 and a 200-day moving average price of $45.26. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CGGR. Fifth Third Bancorp increased its stake in shares of Capital Group Growth ETF by 5.8% in the third quarter. Fifth Third Bancorp now owns 85,350 shares of the company’s stock worth $4,048,000 after acquiring an additional 4,695 shares during the period. Endeavor Private Wealth Inc. lifted its position in Capital Group Growth ETF by 0.9% during the third quarter. Endeavor Private Wealth Inc. now owns 82,554 shares of the company’s stock valued at $3,916,000 after purchasing an additional 758 shares during the period. Jacobi Capital Management LLC lifted its position in Capital Group Growth ETF by 7.2% during the third quarter. Jacobi Capital Management LLC now owns 7,814 shares of the company’s stock valued at $371,000 after purchasing an additional 528 shares during the period. Silver Grove Financial Group Inc. lifted its position in Capital Group Growth ETF by 130.7% during the third quarter. Silver Grove Financial Group Inc. now owns 2,974 shares of the company’s stock valued at $141,000 after purchasing an additional 1,685 shares during the period. Finally, Confluence Wealth Services Inc. boosted its holdings in Capital Group Growth ETF by 7.3% in the third quarter. Confluence Wealth Services Inc. now owns 1,437,881 shares of the company’s stock valued at $68,199,000 after purchasing an additional 97,564 shares during the last quarter.

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.