Genesis Private Wealth LLC Has $11.48 Million Position in Capital Group Growth ETF $CGGR

Genesis Private Wealth LLC lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,198 shares of the company’s stock after purchasing an additional 15,385 shares during the period. Capital Group Growth ETF makes up about 3.2% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 6th biggest position. Genesis Private Wealth LLC’s holdings in Capital Group Growth ETF were worth $11,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Triumph Capital Management bought a new position in Capital Group Growth ETF in the 3rd quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC boosted its position in Capital Group Growth ETF by 88.7% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in Capital Group Growth ETF in the 4th quarter valued at $78,000. Beacon Financial Strategies CORP acquired a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at $80,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at $81,000.

Capital Group Growth ETF Stock Up 0.2%

Shares of CGGR opened at $47.03 on Thursday. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02. The firm has a market capitalization of $25.31 billion, a PE ratio of 30.88 and a beta of 1.18. The stock’s fifty day simple moving average is $46.10 and its 200-day simple moving average is $44.51.

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.