PFG Advisors Sells 321,144 Shares of Capital Group Growth ETF $CGGR

PFG Advisors reduced its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 70.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,260 shares of the company’s stock after selling 321,144 shares during the period. PFG Advisors’ holdings in Capital Group Growth ETF were worth $5,971,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its stake in shares of Capital Group Growth ETF by 806.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Capital Group Growth ETF during the third quarter valued at approximately $25,000. New Millennium Group LLC bought a new stake in Capital Group Growth ETF during the third quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in Capital Group Growth ETF during the third quarter valued at approximately $29,000. Finally, Fifth Third Bancorp lifted its position in Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock valued at $30,000 after purchasing an additional 506 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $44.54 on Tuesday. Capital Group Growth ETF has a fifty-two week low of $31.33 and a fifty-two week high of $45.83. The firm has a 50 day moving average price of $42.18 and a 200-day moving average price of $43.55. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18.

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.