Capital Group Growth ETF $CGGR Position Increased by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,802,258 shares of the company’s stock after purchasing an additional 292,158 shares during the quarter. Merit Financial Group LLC’s holdings in Capital Group Growth ETF were worth $80,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CGGR. Goldman Sachs Group Inc. lifted its position in shares of Capital Group Growth ETF by 174.1% in the first quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock worth $10,954,000 after purchasing an additional 203,151 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Capital Group Growth ETF in the second quarter worth approximately $211,000. Cerity Partners LLC lifted its position in shares of Capital Group Growth ETF by 176.7% in the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after purchasing an additional 42,631 shares in the last quarter. Sei Investments Co. lifted its position in shares of Capital Group Growth ETF by 19.5% in the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after purchasing an additional 189,933 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Capital Group Growth ETF in the second quarter worth approximately $320,000.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $44.14 on Friday. The company has a 50 day simple moving average of $42.13 and a 200-day simple moving average of $43.55. The firm has a market capitalization of $21.59 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 52-week low of $31.33 and a 52-week high of $45.83.

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.