Capital Group Growth ETF $CGGR Shares Acquired by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC lifted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 5.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 255,908 shares of the company’s stock after buying an additional 13,113 shares during the quarter. Capital Group Growth ETF accounts for about 6.0% of EQ Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. EQ Wealth Advisors LLC’s holdings in Capital Group Growth ETF were worth $10,285,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CGGR. Morgan Stanley raised its position in Capital Group Growth ETF by 94.6% during the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after acquiring an additional 13,065,920 shares in the last quarter. LPL Financial LLC lifted its stake in Capital Group Growth ETF by 17.7% in the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after acquiring an additional 6,814,693 shares during the last quarter. Raymond James Financial Inc. grew its position in Capital Group Growth ETF by 31.7% in the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after acquiring an additional 2,680,056 shares in the last quarter. Wells Fargo & Company MN grew its position in Capital Group Growth ETF by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after acquiring an additional 2,580,345 shares in the last quarter. Finally, Advance Capital Management Inc. increased its stake in shares of Capital Group Growth ETF by 239.5% during the 1st quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after purchasing an additional 2,017,650 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of Capital Group Growth ETF stock traded up $0.07 during midday trading on Friday, reaching $47.06. 2,515,162 shares of the company’s stock traded hands, compared to its average volume of 3,332,217. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company’s 50 day simple moving average is $46.35 and its 200 day simple moving average is $44.38. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02.

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.