Stewardship Concepts Financial Services LLC Invests $7.55 Million in Capital Group Growth ETF $CGGR

Stewardship Concepts Financial Services LLC purchased a new stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 169,558 shares of the company’s stock, valued at approximately $7,547,000. Capital Group Growth ETF accounts for 6.4% of Stewardship Concepts Financial Services LLC’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of CGGR. Capital Group Private Client Services Inc. lifted its holdings in Capital Group Growth ETF by 5.3% in the third quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock worth $1,029,503,000 after purchasing an additional 1,178,520 shares during the period. Bank of America Corp DE increased its stake in Capital Group Growth ETF by 11.5% during the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after buying an additional 1,322,744 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Capital Group Growth ETF by 2.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,707,821 shares of the company’s stock worth $558,128,000 after buying an additional 271,970 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Growth ETF by 15.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after buying an additional 1,605,246 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Growth ETF by 9.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,374,810 shares of the company’s stock worth $499,582,000 after acquiring an additional 967,117 shares during the period.

Capital Group Growth ETF Price Performance

Capital Group Growth ETF stock opened at $40.41 on Friday. The firm has a 50 day simple moving average of $42.47 and a 200-day simple moving average of $43.65. The stock has a market capitalization of $19.57 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83.

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.