Independent Financial Group LLC purchased a new stake in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 178,557 shares of the company’s stock, valued at approximately $7,176,000.
Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Capital Group Growth ETF by 174.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock worth $10,954,000 after buying an additional 203,151 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Capital Group Growth ETF in the 2nd quarter valued at $211,000. Cerity Partners LLC grew its position in shares of Capital Group Growth ETF by 176.7% in the 2nd quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock valued at $2,715,000 after buying an additional 42,631 shares during the last quarter. Sei Investments Co. raised its stake in Capital Group Growth ETF by 19.5% during the 2nd quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after acquiring an additional 189,933 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in Capital Group Growth ETF during the 2nd quarter worth $320,000.
Capital Group Growth ETF Price Performance
Shares of CGGR opened at $46.06 on Friday. Capital Group Growth ETF has a 1-year low of $38.55 and a 1-year high of $48.02. The stock has a market cap of $24.34 billion, a PE ratio of 30.88 and a beta of 1.17. The firm has a fifty day moving average price of $46.43 and a 200 day moving average price of $44.41.
Capital Group Growth ETF Company 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.
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