Capital Group Growth ETF $CGGR Stake Boosted by Ridgeline Wealth Planning LLC

Ridgeline Wealth Planning LLC increased its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 28.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,766 shares of the company’s stock after purchasing an additional 33,890 shares during the quarter. Capital Group Growth ETF makes up 4.8% of Ridgeline Wealth Planning LLC’s investment portfolio, making the stock its 6th largest holding. Ridgeline Wealth Planning LLC’s holdings in Capital Group Growth ETF were worth $6,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BHK Investment Advisors LLC purchased a new position in Capital Group Growth ETF in the 4th quarter worth about $476,000. Koshinski Asset Management Inc. increased its stake in Capital Group Growth ETF by 6.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 169,839 shares of the company’s stock worth $7,553,000 after purchasing an additional 9,683 shares in the last quarter. Entruity Wealth LLC increased its stake in Capital Group Growth ETF by 0.6% in the 4th quarter. Entruity Wealth LLC now owns 106,430 shares of the company’s stock worth $4,733,000 after purchasing an additional 600 shares in the last quarter. International Assets Investment Management LLC increased its stake in Capital Group Growth ETF by 61.7% in the 4th quarter. International Assets Investment Management LLC now owns 26,215 shares of the company’s stock worth $1,166,000 after purchasing an additional 9,999 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its stake in Capital Group Growth ETF by 43.9% in the 4th quarter. Diversify Wealth Management LLC now owns 18,638 shares of the company’s stock worth $845,000 after purchasing an additional 5,687 shares in the last quarter.

Capital Group Growth ETF Trading Up 0.7%

Shares of CGGR opened at $46.25 on Friday. The business’s 50-day moving average price is $42.59 and its 200 day moving average price is $43.61. The stock has a market capitalization of $22.99 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1-year low of $35.78 and a 1-year high of $46.37.

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.