Octavia Wealth Advisors LLC Trims Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Octavia Wealth Advisors LLC lessened its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,118 shares of the company’s stock after selling 797 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Capital Group Growth ETF were worth $552,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $257,888,000. LPL Financial LLC grew its stake in Capital Group Growth ETF by 34.9% in the 4th quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock worth $623,539,000 after acquiring an additional 4,337,156 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in Capital Group Growth ETF in the 4th quarter valued at $63,610,000. WNY Asset Management LLC raised its holdings in Capital Group Growth ETF by 2,003.1% in the 4th quarter. WNY Asset Management LLC now owns 1,613,840 shares of the company’s stock valued at $59,986,000 after acquiring an additional 1,537,104 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Capital Group Growth ETF by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,763,699 shares of the company’s stock worth $251,407,000 after purchasing an additional 1,368,362 shares during the period.

Capital Group Growth ETF Stock Up 1.0%

CGGR stock opened at $38.95 on Monday. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 30.36 and a beta of 1.18. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $39.96. The stock’s fifty day simple moving average is $35.42 and its 200-day simple moving average is $36.86.

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.