Raymond James Financial Inc. Boosts Stock Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Raymond James Financial Inc. grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 12.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,777,757 shares of the company’s stock after acquiring an additional 839,677 shares during the period. Raymond James Financial Inc. owned 2.58% of Capital Group Growth ETF worth $266,388,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC lifted its position in shares of Capital Group Growth ETF by 36.1% during the first quarter. LPL Financial LLC now owns 22,834,860 shares of the company’s stock worth $782,094,000 after acquiring an additional 6,059,534 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Capital Group Growth ETF by 13.8% during the first quarter. Commonwealth Equity Services LLC now owns 11,677,554 shares of the company’s stock worth $399,956,000 after acquiring an additional 1,415,798 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Capital Group Growth ETF by 2.6% during the fourth quarter. Bank of America Corp DE now owns 10,359,956 shares of the company’s stock worth $385,080,000 after acquiring an additional 263,848 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Growth ETF by 17.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,099,224 shares of the company’s stock worth $277,398,000 after acquiring an additional 1,175,119 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Capital Group Growth ETF by 15.8% during the first quarter. Cetera Investment Advisers now owns 4,949,248 shares of the company’s stock worth $169,512,000 after acquiring an additional 674,951 shares in the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA:CGGR opened at $42.28 on Friday. The company has a market cap of $14.65 billion, a P/E ratio of 30.88 and a beta of 1.09. The stock’s fifty day moving average price is $40.72 and its two-hundred day moving average price is $37.76. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $42.62.

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.