Sagespring Wealth Partners LLC Acquires 443,549 Shares of Capital Group Growth ETF $CGGR

Sagespring Wealth Partners LLC lifted its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 330.6% in the second quarter, Holdings Channel.com reports. The fund owned 577,712 shares of the company’s stock after purchasing an additional 443,549 shares during the period. Sagespring Wealth Partners LLC’s holdings in Capital Group Growth ETF were worth $23,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. RFG Advisory LLC raised its holdings in shares of Capital Group Growth ETF by 79.7% during the second quarter. RFG Advisory LLC now owns 99,094 shares of the company’s stock valued at $4,028,000 after acquiring an additional 43,948 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Capital Group Growth ETF by 35.4% during the second quarter. Axxcess Wealth Management LLC now owns 339,826 shares of the company’s stock valued at $13,814,000 after acquiring an additional 88,795 shares in the last quarter. Total Clarity Wealth Management Inc. raised its holdings in shares of Capital Group Growth ETF by 2.5% during the second quarter. Total Clarity Wealth Management Inc. now owns 128,090 shares of the company’s stock valued at $5,207,000 after acquiring an additional 3,070 shares in the last quarter. M.E. Allison & CO. Inc. raised its holdings in Capital Group Growth ETF by 34.0% in the second quarter. M.E. Allison & CO. Inc. now owns 133,793 shares of the company’s stock worth $5,439,000 after purchasing an additional 33,935 shares in the last quarter. Finally, Bill Few Associates Inc. raised its holdings in Capital Group Growth ETF by 56.6% in the second quarter. Bill Few Associates Inc. now owns 46,520 shares of the company’s stock worth $1,891,000 after purchasing an additional 16,809 shares in the last quarter.

Capital Group Growth ETF Trading Up 2.3%

CGGR opened at $44.02 on Tuesday. The stock has a fifty day simple moving average of $43.09 and a two-hundred day simple moving average of $39.53. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $44.71.

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.