McCarthy Asset Management Inc. Buys 179,762 Shares of Capital Group Growth ETF $CGGR

McCarthy Asset Management Inc. grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 707.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,176 shares of the company’s stock after purchasing an additional 179,762 shares during the quarter. Capital Group Growth ETF makes up approximately 4.8% of McCarthy Asset Management Inc.’s holdings, making the stock its 9th biggest holding. McCarthy Asset Management Inc.’s holdings in Capital Group Growth ETF were worth $9,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. PKS Advisory Services LLC raised its stake in shares of Capital Group Growth ETF by 30.3% in the 4th quarter. PKS Advisory Services LLC now owns 77,100 shares of the company’s stock valued at $3,429,000 after purchasing an additional 17,943 shares in the last quarter. Truist Financial Corp raised its stake in shares of Capital Group Growth ETF by 1.3% in the 4th quarter. Truist Financial Corp now owns 807,029 shares of the company’s stock valued at $35,889,000 after purchasing an additional 10,490 shares in the last quarter. Sun Financial Inc acquired a new stake in shares of Capital Group Growth ETF in the 4th quarter valued at about $1,072,000. KPP Advisory Services LLC raised its stake in shares of Capital Group Growth ETF by 13.3% in the 4th quarter. KPP Advisory Services LLC now owns 172,694 shares of the company’s stock valued at $7,680,000 after purchasing an additional 20,233 shares in the last quarter. Finally, RIA Advisory Group LLC raised its stake in shares of Capital Group Growth ETF by 6.6% in the 4th quarter. RIA Advisory Group LLC now owns 15,013 shares of the company’s stock valued at $668,000 after purchasing an additional 925 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of Capital Group Growth ETF stock opened at $44.86 on Tuesday. The firm has a market cap of $22.30 billion, a PE ratio of 30.88 and a beta of 1.17. The firm’s 50-day simple moving average is $42.42 and its 200-day simple moving average is $43.57. Capital Group Growth ETF has a 1 year low of $35.23 and a 1 year high of $45.83.

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.