McCarthy Asset Management Inc. Takes $217,000 Position in Capital Group Growth ETF (NYSEARCA:CGGR)

McCarthy Asset Management Inc. purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,670 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. grew its position in shares of Capital Group Growth ETF by 1.6% during the fourth quarter. Raymond James Trust N.A. now owns 41,028 shares of the company’s stock worth $1,158,000 after purchasing an additional 632 shares in the last quarter. Bridge Advisory LLC boosted its position in shares of Capital Group Growth ETF by 1.4% during the third quarter. Bridge Advisory LLC now owns 50,965 shares of the company’s stock worth $1,249,000 after acquiring an additional 719 shares during the last quarter. Financial Management Network Inc. grew its stake in Capital Group Growth ETF by 5.4% during the third quarter. Financial Management Network Inc. now owns 16,275 shares of the company’s stock valued at $396,000 after acquiring an additional 827 shares in the last quarter. HBW Advisory Services LLC increased its holdings in Capital Group Growth ETF by 1.1% in the 4th quarter. HBW Advisory Services LLC now owns 79,771 shares of the company’s stock valued at $2,252,000 after acquiring an additional 863 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in Capital Group Growth ETF by 150.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock worth $42,000 after purchasing an additional 900 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR traded up $0.37 during midday trading on Friday, hitting $30.85. 1,036,904 shares of the company traded hands, compared to its average volume of 1,283,264. Capital Group Growth ETF has a 52 week low of $22.11 and a 52 week high of $32.35. The firm has a 50 day moving average of $31.28 and a 200-day moving average of $28.53. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 28.76 and a beta of 1.09.

Capital Group Growth ETF Company 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.