Patriot Financial Group Insurance Agency LLC Decreases Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Patriot Financial Group Insurance Agency LLC lowered its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,115 shares of the company’s stock after selling 587 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Capital Group Growth ETF were worth $244,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Summit Global Investments lifted its stake in Capital Group Growth ETF by 2.0% in the 4th quarter. Summit Global Investments now owns 15,043 shares of the company’s stock worth $559,000 after purchasing an additional 300 shares in the last quarter. Stephens Inc. AR lifted its stake in Capital Group Growth ETF by 1.6% in the 4th quarter. Stephens Inc. AR now owns 19,138 shares of the company’s stock worth $711,000 after purchasing an additional 310 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Capital Group Growth ETF by 0.5% in the 4th quarter. Meridian Wealth Management LLC now owns 72,699 shares of the company’s stock worth $2,702,000 after purchasing an additional 332 shares in the last quarter. Convergence Financial LLC lifted its stake in Capital Group Growth ETF by 7.5% in the 4th quarter. Convergence Financial LLC now owns 6,251 shares of the company’s stock worth $232,000 after purchasing an additional 437 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Capital Group Growth ETF by 2.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 24,155 shares of the company’s stock worth $898,000 after purchasing an additional 558 shares in the last quarter.

Capital Group Growth ETF Stock Up 0.6%

Shares of CGGR stock opened at $39.24 on Wednesday. The company’s fifty day simple moving average is $35.63 and its two-hundred day simple moving average is $36.89. The stock has a market cap of $12.59 billion, a P/E 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.

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.