Capital Group Growth ETF $CGGR Stock: MSH Capital Advisors LLC Grows Stake

MSH Capital Advisors LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 30.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 53,071 shares of the company’s stock after buying an additional 12,258 shares during the period. MSH Capital Advisors LLC’s holdings in Capital Group Growth ETF were worth $2,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of 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 buying an additional 1,320,686 shares during the period. Cetera Investment Advisers increased its stake in shares of Capital Group Growth ETF by 19.4% in the 1st quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock valued at $393,899,000 after acquiring an additional 1,593,112 shares during the last quarter. Royal Bank of Canada raised its position in shares of Capital Group Growth ETF by 30.1% in the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after acquiring an additional 1,952,001 shares during the period. Kestra Advisory Services LLC raised its position in shares of Capital Group Growth ETF by 21.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,873,101 shares of the company’s stock valued at $231,131,000 after acquiring an additional 854,920 shares during the period. Finally, Kestra Investment Management LLC raised its position in shares of Capital Group Growth ETF by 11.7% in the 3rd quarter. Kestra Investment Management LLC now owns 3,155,244 shares of the company’s stock valued at $149,653,000 after acquiring an additional 330,731 shares during the period.

Capital Group Growth ETF Stock Down 0.5%

Capital Group Growth ETF stock traded down $0.21 during midday trading on Friday, hitting $45.84. 2,182,550 shares of the stock were exchanged, compared to its average volume of 3,085,970. The company has a fifty day simple moving average of $46.93 and a two-hundred day simple moving average of $45.30. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.69. The stock has a market capitalization of $25.59 billion, a PE ratio of 25.67 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.