NewEdge Advisors LLC lowered its holdings in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,220,320 shares of the company’s stock after selling 148,602 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Growth ETF were worth $49,606,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Banco de Sabadell S.A acquired a new stake in Capital Group Growth ETF in the 2nd quarter worth about $47,000. Trust Co. of Vermont purchased a new position in shares of Capital Group Growth ETF during the 2nd quarter worth about $51,000. Beacon Capital Management LLC purchased a new position in shares of Capital Group Growth ETF during the 2nd quarter worth about $77,000. Chilton Capital Management LLC boosted its position in shares of Capital Group Growth ETF by 100.3% in the second quarter. Chilton Capital Management LLC now owns 3,097 shares of the company’s stock worth $126,000 after acquiring an additional 1,551 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group Growth ETF in the first quarter valued at approximately $134,000.
Capital Group Growth ETF Stock Performance
Shares of CGGR stock opened at $44.46 on Wednesday. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $45.83. The company has a 50 day moving average price of $44.04 and a 200 day moving average price of $42.26.
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.
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