PFG Advisors Boosts Holdings in Capital Group Growth ETF $CGGR

PFG Advisors increased its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 413,340 shares of the company’s stock after buying an additional 47,595 shares during the quarter. Capital Group Growth ETF comprises approximately 0.5% of PFG Advisors’ portfolio, making the stock its 18th largest position. PFG Advisors’ holdings in Capital Group Growth ETF were worth $16,802,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Trust Co. of Vermont purchased a new stake in Capital Group Growth ETF in the second quarter valued at $51,000. Beacon Capital Management LLC acquired a new stake in shares of Capital Group Growth ETF during the 2nd quarter worth about $77,000. Chilton Capital Management LLC raised its holdings in Capital Group Growth ETF by 100.3% in the 2nd quarter. Chilton Capital Management LLC now owns 3,097 shares of the company’s stock valued at $126,000 after buying an additional 1,551 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new position in Capital Group Growth ETF in the first quarter valued at about $134,000. Finally, Zions Bancorporation National Association UT purchased a new position in Capital Group Growth ETF during the first quarter worth about $171,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $43.50 on Friday. The firm has a market cap of $17.43 billion, a P/E ratio of 30.88 and a beta of 1.17. The firm’s 50 day moving average price is $44.00 and its 200-day moving average price is $41.09. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $45.83.

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.