Capital Group Growth ETF $CGGR Stock Holdings Increased by IMG Wealth Management Inc.

IMG Wealth Management Inc. boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 9.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 112,047 shares of the company’s stock after acquiring an additional 9,985 shares during the period. Capital Group Growth ETF comprises approximately 3.5% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 9th largest position. IMG Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Perspectives Inc increased its stake in Capital Group Growth ETF by 1.4% during the second quarter. Financial Perspectives Inc now owns 48,964 shares of the company’s stock worth $1,990,000 after purchasing an additional 656 shares during the period. Stephens Inc. AR increased its stake in Capital Group Growth ETF by 204.5% during the second quarter. Stephens Inc. AR now owns 252,436 shares of the company’s stock worth $10,262,000 after purchasing an additional 169,534 shares during the period. Balboa Wealth Partners purchased a new stake in Capital Group Growth ETF during the second quarter worth about $478,000. Burford Brothers Inc. increased its stake in Capital Group Growth ETF by 6.7% during the second quarter. Burford Brothers Inc. now owns 197,303 shares of the company’s stock worth $8,020,000 after purchasing an additional 12,348 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Capital Group Growth ETF by 24.9% during the second quarter. International Assets Investment Management LLC now owns 16,216 shares of the company’s stock worth $659,000 after purchasing an additional 3,235 shares during the period.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $44.55 on Tuesday. The firm has a market capitalization of $17.07 billion, a PE ratio of 30.88 and a beta of 1.09. The firm’s 50-day moving average is $43.32 and its two-hundred day moving average is $39.90. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year 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.