Orion Porfolio Solutions LLC Boosts Holdings in Capital Group Growth ETF $CGGR

Orion Porfolio Solutions LLC raised its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 41.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,285 shares of the company’s stock after purchasing an additional 45,729 shares during the period. Orion Porfolio Solutions LLC’s holdings in Capital Group Growth ETF were worth $6,312,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of Capital Group Growth ETF by 6.5% in the second quarter. Commonwealth Equity Services LLC now owns 12,435,851 shares of the company’s stock worth $505,517,000 after buying an additional 758,297 shares in the last quarter. Bank of America Corp DE increased its stake in Capital Group Growth ETF by 0.6% in the 2nd quarter. Bank of America Corp DE now owns 11,478,224 shares of the company’s stock worth $466,590,000 after acquiring an additional 72,811 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Growth ETF by 29.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock valued at $424,630,000 after acquiring an additional 2,346,788 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Growth ETF by 14.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock valued at $423,073,000 after acquiring an additional 1,333,201 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Capital Group Growth ETF by 8.8% during the 2nd quarter. Raymond James Financial Inc. now owns 8,464,909 shares of the company’s stock valued at $344,099,000 after acquiring an additional 687,152 shares during the last quarter.

Capital Group Growth ETF Trading Down 0.4%

Shares of NYSEARCA CGGR opened at $43.97 on Tuesday. The business has a 50-day moving average of $44.05 and a 200-day moving average of $42.44. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83.

Capital Group Growth ETF 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.