Summit Investment Advisory Services LLC grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 930,119 shares of the company’s stock after buying an additional 70,911 shares during the quarter. Capital Group Growth ETF accounts for about 13.9% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 2nd largest holding. Summit Investment Advisory Services LLC owned about 0.19% of Capital Group Growth ETF worth $37,381,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CGGR. Genesis Private Wealth LLC increased its stake in shares of Capital Group Growth ETF by 7.6% in the 4th quarter. Genesis Private Wealth LLC now owns 227,232 shares of the company’s stock valued at $10,105,000 after purchasing an additional 16,050 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Capital Group Growth ETF by 51.2% during the fourth quarter. Valmark Advisers Inc. now owns 873,172 shares of the company’s stock worth $38,830,000 after purchasing an additional 295,543 shares in the last quarter. WJ Wealth Management LLC acquired a new stake in shares of Capital Group Growth ETF in the third quarter valued at about $6,768,000. Saxony Capital Management LLC raised its holdings in Capital Group Growth ETF by 88.3% in the 4th quarter. Saxony Capital Management LLC now owns 41,117 shares of the company’s stock valued at $1,828,000 after acquiring an additional 19,278 shares during the last quarter. Finally, Oxinas Partners LLC increased its holdings in shares of Capital Group Growth ETF by 761.6% in the fourth quarter. Oxinas Partners LLC now owns 82,334 shares of the company’s stock valued at $3,661,000 after purchasing an additional 72,778 shares during the last quarter.
Capital Group Growth ETF Stock Up 0.8%
Shares of CGGR opened at $47.20 on Wednesday. The stock has a fifty day simple moving average of $45.97 and a two-hundred day simple moving average of $44.23. Capital Group Growth ETF has a 52-week low of $38.55 and a 52-week high of $48.02. The company has a market capitalization of $23.46 billion, a PE ratio of 30.88 and a beta of 1.17.
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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