Beacon Capital Management LLC Takes $77,000 Position in Capital Group Growth ETF $CGGR

Beacon Capital Management LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the second quarter, Holdings Channel.com reports. The firm acquired 1,905 shares of the company’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CGGR. GAMMA Investing LLC increased its position in shares of Capital Group Growth ETF by 3,325.0% in the first quarter. GAMMA Investing LLC now owns 39,079 shares of the company’s stock valued at $1,338,000 after buying an additional 37,938 shares in the last quarter. Summit Global Investments increased its position in shares of Capital Group Growth ETF by 13.9% in the first quarter. Summit Global Investments now owns 17,129 shares of the company’s stock valued at $587,000 after buying an additional 2,086 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Capital Group Growth ETF by 15.5% in the first quarter. Rothschild Investment LLC now owns 28,973 shares of the company’s stock worth $992,000 after acquiring an additional 3,882 shares during the last quarter. Advance Capital Management Inc. boosted its stake in shares of Capital Group Growth ETF by 106.9% in the first quarter. Advance Capital Management Inc. now owns 794,795 shares of the company’s stock worth $27,222,000 after acquiring an additional 410,736 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of Capital Group Growth ETF by 105,950.9% in the first quarter. NBC Securities Inc. now owns 56,207 shares of the company’s stock worth $1,925,000 after acquiring an additional 56,154 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $43.64 on Monday. The business’s 50 day moving average price is $42.52 and its 200-day moving average price is $38.84. The firm has a market capitalization of $15.13 billion, a PE ratio of 30.88 and a beta of 1.09. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $44.71.

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.