Mascagni Wealth Management Inc. Lowers Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Mascagni Wealth Management Inc. cut its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 34.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,514 shares of the company’s stock after selling 4,979 shares during the quarter. Mascagni Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CGGR. IFP Advisors Inc raised its stake in shares of Capital Group Growth ETF by 26.5% in the fourth quarter. IFP Advisors Inc now owns 4,448 shares of the company’s stock worth $165,000 after purchasing an additional 931 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Capital Group Growth ETF by 54.6% in the fourth quarter. Rothschild Investment LLC now owns 25,091 shares of the company’s stock worth $933,000 after purchasing an additional 8,862 shares during the last quarter. CWS Financial Advisors LLC raised its stake in shares of Capital Group Growth ETF by 18.4% in the fourth quarter. CWS Financial Advisors LLC now owns 82,179 shares of the company’s stock worth $3,055,000 after purchasing an additional 12,793 shares during the last quarter. Transcendent Capital Group LLC raised its stake in shares of Capital Group Growth ETF by 6.8% in the fourth quarter. Transcendent Capital Group LLC now owns 64,788 shares of the company’s stock worth $2,408,000 after purchasing an additional 4,107 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Capital Group Growth ETF in the fourth quarter worth approximately $371,000.

Capital Group Growth ETF Stock Up 1.2%

Shares of Capital Group Growth ETF stock opened at $39.14 on Tuesday. The company has a market cap of $12.56 billion, a PE ratio of 30.36 and a beta of 1.18. The business has a 50 day moving average price of $36.86 and a 200-day moving average price of $36.95. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week 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.