Beacon Financial Group lessened its stake in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 18.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 246,293 shares of the company’s stock after selling 56,083 shares during the period. Capital Group Growth ETF comprises 1.0% of Beacon Financial Group’s investment portfolio, making the stock its 24th biggest position. Beacon Financial Group’s holdings in Capital Group Growth ETF were worth $9,899,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CGGR. Triumph Capital Management purchased a new position in Capital Group Growth ETF during the third quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC boosted its position in Capital Group Growth ETF by 88.7% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Avion Wealth purchased a new stake in Capital Group Growth ETF in the 4th quarter worth approximately $68,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Growth ETF during the 4th quarter worth approximately $78,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF during the 2nd quarter worth approximately $81,000.
Capital Group Growth ETF Price Performance
NYSEARCA:CGGR opened at $46.99 on Friday. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company has a 50 day moving average price of $46.29 and a 200-day moving average price of $44.36. Capital Group Growth ETF has a 1-year low of $38.55 and a 1-year high of $48.02.
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.
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Want to see what other hedge funds are holding CGGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Growth ETF (NYSEARCA:CGGR – Free Report).
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