McCarthy Asset Management Inc. Increases Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

McCarthy Asset Management Inc. increased its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,655 shares of the company’s stock after purchasing an additional 3,202 shares during the period. Capital Group Growth ETF accounts for 0.5% of McCarthy Asset Management Inc.’s holdings, making the stock its 16th biggest holding. McCarthy Asset Management Inc.’s holdings in Capital Group Growth ETF were worth $693,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Quadrant Capital Group LLC bought a new stake in Capital Group Growth ETF during the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in shares of Capital Group Growth ETF during the 4th quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in Capital Group Growth ETF during the fourth quarter valued at about $33,000. Larson Financial Group LLC purchased a new position in Capital Group Growth ETF in the fourth quarter valued at about $38,000. Finally, Archer Investment Corp grew its stake in Capital Group Growth ETF by 430.1% in the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after purchasing an additional 1,071 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of Capital Group Growth ETF stock opened at $38.21 on Wednesday. The company has a market capitalization of $11.95 billion, a PE ratio of 29.42 and a beta of 1.16. The company has a 50-day simple moving average of $34.62 and a two-hundred day simple moving average of $36.74. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $39.96.

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.