Gemmer Asset Management LLC grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,520 shares of the company’s stock after purchasing an additional 2,036 shares during the quarter. Gemmer Asset Management LLC’s holdings in Capital Group Growth ETF were worth $2,013,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CGGR. Golden State Wealth Management LLC acquired a new position in shares of Capital Group Growth ETF in the first quarter worth about $30,000. Rossby Financial LCC acquired a new position in shares of Capital Group Growth ETF in the first quarter worth about $31,000. CX Institutional acquired a new position in shares of Capital Group Growth ETF in the first quarter worth about $48,000. Trust Co. of Vermont acquired a new position in shares of Capital Group Growth ETF in the second quarter worth about $51,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Capital Group Growth ETF in the first quarter worth about $53,000.
Capital Group Growth ETF Stock Performance
NYSEARCA:CGGR opened at $44.24 on Friday. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $44.71. The business’s 50-day simple moving average is $42.78 and its 200 day simple moving average is $39.14. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09.
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.
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