Envestnet Portfolio Solutions Inc. Decreases Stake in Capital Group Growth ETF $CGGR

Envestnet Portfolio Solutions Inc. decreased its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 61.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,705 shares of the company’s stock after selling 149,542 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Growth ETF were worth $3,809,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Capital Group Growth ETF in the 1st quarter valued at about $30,000. Rossby Financial LCC purchased a new stake in Capital Group Growth ETF in the 1st quarter valued at about $31,000. CX Institutional purchased a new stake in Capital Group Growth ETF in the 1st quarter valued at about $48,000. Trust Co. of Vermont purchased a new stake in Capital Group Growth ETF in the 2nd quarter valued at about $51,000. Finally, Chilton Capital Management LLC purchased a new stake in Capital Group Growth ETF in the 1st quarter valued at about $53,000.

Capital Group Growth ETF Stock Performance

NYSEARCA:CGGR opened at $44.07 on Thursday. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $44.71. The firm has a 50-day moving average price of $43.18 and a two-hundred day moving average price of $39.59.

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.