Valley National Advisers Inc. lowered its holdings in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 2.8% in the third quarter, Holdings Channel.com reports. The fund owned 537,517 shares of the company’s stock after selling 15,580 shares during the quarter. Capital Group Growth ETF makes up 2.8% of Valley National Advisers Inc.’s investment portfolio, making the stock its 9th largest position. Valley National Advisers Inc.’s holdings in Capital Group Growth ETF were worth $25,494,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Capital Group Growth ETF by 10.3% during the 1st quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock worth $570,450,000 after purchasing an additional 1,320,686 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Capital Group Growth ETF by 19.4% during the 1st quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock worth $393,899,000 after purchasing an additional 1,593,112 shares during the period. Royal Bank of Canada increased its holdings in shares of Capital Group Growth ETF by 30.1% in the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after purchasing an additional 1,952,001 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Capital Group Growth ETF by 17.3% in the 1st quarter. Kestra Advisory Services LLC now owns 3,021,423 shares of the company’s stock valued at $121,431,000 after purchasing an additional 445,273 shares in the last quarter. Finally, Advance Capital Management Inc. increased its holdings in shares of Capital Group Growth ETF by 239.5% in the 1st quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock valued at $114,949,000 after purchasing an additional 2,017,650 shares in the last quarter.
Capital Group Growth ETF Stock Down 0.5%
Shares of NYSEARCA CGGR opened at $45.93 on Friday. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.69. The firm has a 50-day moving average price of $47.21 and a 200 day moving average price of $46.21. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18.
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.
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