Merit Financial Group LLC Boosts Stock Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Merit Financial Group LLC increased its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 126,536 shares of the company’s stock after buying an additional 6,315 shares during the quarter. Merit Financial Group LLC owned 0.13% of Capital Group Growth ETF worth $3,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGGR. Northwest Capital Management Inc bought a new position in Capital Group Growth ETF during the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Capital Group Growth ETF in the 4th quarter worth approximately $33,000. Winch Advisory Services LLC grew its position in shares of Capital Group Growth ETF by 218.7% in the 4th quarter. Winch Advisory Services LLC now owns 1,463 shares of the company’s stock worth $41,000 after buying an additional 1,004 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Capital Group Growth ETF by 150.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock valued at $42,000 after purchasing an additional 900 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of Capital Group Growth ETF during the third quarter valued at approximately $46,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR traded up $0.35 during mid-day trading on Friday, hitting $30.90. 1,601,850 shares of the stock traded hands, compared to its average volume of 1,283,323. The stock has a fifty day moving average price of $31.31 and a 200-day moving average price of $28.77. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52 week low of $22.14 and a 52 week high of $32.35.

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.