Gunpowder Capital Management LLC dba Oliver Wealth Management Acquires New Position in Capital Group Growth ETF $CGGR

Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, Holdings Channel reports. The firm bought 64,915 shares of the company’s stock, valued at approximately $2,887,000. Capital Group Growth ETF accounts for approximately 2.2% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s investment portfolio, making the stock its 12th largest position.

Several other large investors also recently bought and sold shares of the stock. New Millennium Group LLC acquired a new position in Capital Group Growth ETF during the 3rd quarter valued at approximately $25,000. Triumph Capital Management purchased a new position in shares of Capital Group Growth ETF in the third quarter worth $29,000. Fifth Third Bancorp lifted its stake in shares of Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after buying an additional 506 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in shares of 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 buying an additional 500 shares during the period. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of Capital Group Growth ETF during the third quarter valued at $60,000.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $46.96 on Friday. The company’s fifty day moving average price is $45.57 and its 200-day moving average price is $44.14. Capital Group Growth ETF has a 1-year low of $38.49 and a 1-year high of $48.02. The firm has a market capitalization of $23.34 billion, a PE ratio of 30.88 and a beta of 1.17.

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.