BlueChip Wealth Advisors LLC cut its stake in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 8.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 143,737 shares of the company’s stock after selling 13,820 shares during the quarter. Capital Group Growth ETF makes up about 2.5% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding. BlueChip Wealth Advisors LLC’s holdings in Capital Group Growth ETF were worth $5,777,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new stake in Capital Group Growth ETF in the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC raised its stake in Capital Group Growth ETF by 88.7% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after acquiring an additional 500 shares in the last quarter. Avion Wealth bought a new position in shares of Capital Group Growth ETF during the fourth quarter valued at $68,000. Godfrey Financial Associates Inc. bought a new position in shares of Capital Group Growth ETF during the fourth quarter valued at $78,000. Finally, WFA of San Diego LLC bought a new position in shares of Capital Group Growth ETF during the second quarter valued at $81,000.
Capital Group Growth ETF Stock Performance
Shares of NYSEARCA:CGGR opened at $46.64 on Wednesday. The company’s fifty day moving average is $46.41 and its 200-day moving average is $44.39. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02. The company has a market capitalization of $24.64 billion, a PE ratio of 30.88 and a beta of 1.17.
Capital Group Growth ETF 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.
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Want to see what other hedge funds are holding CGGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Growth ETF (NYSEARCA:CGGR – Free Report).
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