Janney Montgomery Scott LLC Boosts Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Janney Montgomery Scott LLC boosted its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 920,237 shares of the company’s stock after purchasing an additional 41,524 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Growth ETF were worth $31,518,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. M.E. Allison & CO. Inc. raised its holdings in Capital Group Growth ETF by 19.8% in the first quarter. M.E. Allison & CO. Inc. now owns 99,858 shares of the company’s stock valued at $3,420,000 after buying an additional 16,515 shares during the period. Mission Wealth Management LP acquired a new stake in Capital Group Growth ETF in the first quarter valued at approximately $14,150,000. Dynamic Advisor Solutions LLC grew its position in Capital Group Growth ETF by 5.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 92,462 shares of the company’s stock valued at $3,167,000 after acquiring an additional 5,115 shares in the last quarter. Everpar Advisors LLC grew its position in Capital Group Growth ETF by 21.0% in the first quarter. Everpar Advisors LLC now owns 85,173 shares of the company’s stock valued at $2,917,000 after acquiring an additional 14,772 shares in the last quarter. Finally, CRA Financial Services LLC grew its position in Capital Group Growth ETF by 7.6% in the first quarter. CRA Financial Services LLC now owns 6,639 shares of the company’s stock valued at $227,000 after acquiring an additional 469 shares in the last quarter.

Capital Group Growth ETF Stock Down 0.9%

Shares of NYSEARCA:CGGR opened at $38.86 on Wednesday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $39.96. The company has a 50 day moving average of $36.40 and a two-hundred day moving average of $36.94. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 30.36 and a beta of 1.18.

About Capital Group Growth ETF

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.