Ergawealth Advisors Inc. Decreases Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Ergawealth Advisors Inc. reduced its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,954 shares of the company’s stock after selling 2,335 shares during the quarter. Capital Group Growth ETF comprises about 10.2% of Ergawealth Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Ergawealth Advisors Inc.’s holdings in Capital Group Growth ETF were worth $16,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in Capital Group Growth ETF by 124.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,438,739 shares of the company’s stock valued at $157,749,000 after buying an additional 3,571,987 shares during the last quarter. Financial Security Advisor Inc. acquired a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at approximately $48,178,000. Capital International Investors acquired a new position in Capital Group Growth ETF during the 1st quarter worth approximately $25,035,000. Raymond James Financial Services Advisors Inc. grew its holdings in Capital Group Growth ETF by 85.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,457,413 shares of the company’s stock worth $35,707,000 after acquiring an additional 669,654 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Capital Group Growth ETF by 46.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,041,563 shares of the company’s stock worth $51,509,000 after acquiring an additional 649,939 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR traded up $0.05 during trading on Tuesday, reaching $30.92. The stock had a trading volume of 1,403,385 shares, compared to its average volume of 1,257,991. The firm’s fifty day moving average is $31.21 and its 200 day moving average is $28.24. Capital Group Growth ETF has a 52 week low of $21.83 and a 52 week high of $32.35. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 18.26 and a beta of 1.09.

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.