McCarthy Asset Management Inc. Sells 1,239 Shares of Capital Group Growth ETF $CGGR

McCarthy Asset Management Inc. reduced its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,937 shares of the company’s stock after selling 1,239 shares during the quarter. Capital Group Growth ETF accounts for approximately 0.5% of McCarthy Asset Management Inc.’s portfolio, making the stock its 15th largest holding. McCarthy Asset Management Inc.’s holdings in Capital Group Growth ETF were worth $729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGGR. Golden State Wealth Management LLC bought a new position in Capital Group Growth ETF during the 1st quarter worth approximately $30,000. Rossby Financial LCC purchased a new stake in shares of Capital Group Growth ETF during the first quarter valued at approximately $31,000. Trust Co. of Vermont purchased a new stake in shares of Capital Group Growth ETF during the second quarter valued at approximately $51,000. Chilton Capital Management LLC bought a new position in shares of Capital Group Growth ETF in the first quarter worth approximately $53,000. Finally, Beacon Capital Management LLC purchased a new position in shares of Capital Group Growth ETF in the second quarter worth $77,000.

Capital Group Growth ETF Stock Up 0.7%

NYSEARCA:CGGR opened at $44.93 on Friday. The firm has a market capitalization of $17.89 billion, a P/E ratio of 30.88 and a beta of 1.09. The company has a fifty day moving average of $43.50 and a 200 day moving average of $40.22. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.12.

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.