Brookstone Capital Management Grows Holdings in Capital Group Growth ETF $CGGR

Brookstone Capital Management increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 14.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 147,489 shares of the company’s stock after purchasing an additional 19,155 shares during the period. Brookstone Capital Management’s holdings in Capital Group Growth ETF were worth $5,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF during the first quarter worth $30,000. Exchange Traded Concepts LLC acquired a new position in Capital Group Growth ETF during the 2nd quarter worth about $921,000. Lantz Financial LLC boosted its holdings in Capital Group Growth ETF by 2.5% during the 2nd quarter. Lantz Financial LLC now owns 95,277 shares of the company’s stock valued at $3,873,000 after acquiring an additional 2,356 shares during the period. Legacy Solutions LLC grew its position in Capital Group Growth ETF by 2.1% in the 2nd quarter. Legacy Solutions LLC now owns 158,030 shares of the company’s stock valued at $6,424,000 after acquiring an additional 3,205 shares in the last quarter. Finally, Castle Rock Wealth Management LLC acquired a new position in Capital Group Growth ETF in the 2nd quarter valued at about $233,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $44.61 on Friday. The company’s 50-day simple moving average is $43.45 and its 200-day simple moving average is $40.05. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $44.71. The stock has a market capitalization of $17.09 billion, a PE ratio of 30.88 and a beta of 1.09.

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.