Commonwealth Equity Services LLC Raises Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Commonwealth Equity Services LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,760,438 shares of the company’s stock after buying an additional 1,321,699 shares during the period. Commonwealth Equity Services LLC owned approximately 7.94% of Capital Group Growth ETF worth $219,077,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CGGR. Raymond James & Associates increased its holdings in Capital Group Growth ETF by 5.8% in the third quarter. Raymond James & Associates now owns 1,780,184 shares of the company’s stock valued at $43,615,000 after buying an additional 97,878 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Capital Group Growth ETF by 85.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,457,413 shares of the company’s stock valued at $35,707,000 after buying an additional 669,654 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Capital Group Growth ETF in the third quarter valued at about $215,000. Acas LLC increased its stake in shares of Capital Group Growth ETF by 23.2% during the 3rd quarter. Acas LLC now owns 55,654 shares of the company’s stock worth $1,364,000 after purchasing an additional 10,479 shares in the last quarter. Finally, Lynch & Associates IN purchased a new position in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $248,000.

Capital Group Growth ETF Stock Up 0.7 %

Shares of CGGR traded up $0.21 during mid-day trading on Thursday, reaching $30.50. 1,020,461 shares of the company’s stock were exchanged, compared to its average volume of 1,270,891. The company has a 50-day simple moving average of $31.31 and a two-hundred day simple moving average of $28.71. Capital Group Growth ETF has a 52-week low of $22.14 and a 52-week high of $32.35. The company has a market cap of $5.11 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.