Capital Group Growth ETF $CGGR Stock Purchased by LongView Wealth Management

LongView Wealth Management raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,380 shares of the company’s stock after purchasing an additional 12,122 shares during the quarter. Capital Group Growth ETF makes up about 3.2% of LongView Wealth Management’s portfolio, making the stock its 5th biggest holding. LongView Wealth Management’s holdings in Capital Group Growth ETF were worth $13,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Advance Capital Management Inc. raised 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 in the last quarter. Royal Bank of Canada boosted its holdings in shares of Capital Group Growth ETF by 30.1% in the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after buying an additional 1,952,001 shares during the last quarter. WNY Asset Management LLC bought a new position in shares of Capital Group Growth ETF in the first quarter valued at $72,542,000. Cetera Investment Advisers grew its stake in shares of Capital Group Growth ETF by 19.4% in the first quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock valued at $393,899,000 after buying an additional 1,593,112 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Capital Group Growth ETF by 10.3% in the first quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock valued at $570,450,000 after acquiring an additional 1,320,686 shares during the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR traded up $0.33 during trading on Monday, reaching $46.98. 1,033,014 shares of the company’s stock were exchanged, compared to its average volume of 3,056,580. The business has a 50 day moving average price of $47.26 and a 200-day moving average price of $46.03. The stock has a market capitalization of $26.00 billion, a P/E ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.69.

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.