McCollum Christoferson Group LLC Trims Stock Position in Capital Group Growth ETF $CGGR

McCollum Christoferson Group LLC decreased its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,409 shares of the company’s stock after selling 19,614 shares during the period. Capital Group Growth ETF makes up approximately 3.5% of McCollum Christoferson Group LLC’s holdings, making the stock its 8th largest holding. McCollum Christoferson Group LLC owned approximately 0.06% of Capital Group Growth ETF worth $13,161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in shares of Capital Group Growth ETF in the 3rd quarter worth about $29,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Capital Group Growth ETF by 88.7% during 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 in the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of Capital Group Growth ETF during the 4th quarter valued at about $78,000. Beacon Financial Strategies CORP bought a new stake in Capital Group Growth ETF in the 2nd quarter worth approximately $80,000. Finally, WFA of San Diego LLC bought a new stake in Capital Group Growth ETF in the 2nd quarter worth approximately $81,000.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $47.03 on Thursday. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02. The stock has a 50 day simple moving average of $46.10 and a two-hundred day simple moving average of $44.51. The firm has a market cap of $25.31 billion, a P/E ratio of 30.88 and a beta of 1.18.

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.