Valmark Advisers Inc. Boosts Stake in Capital Group Growth ETF $CGGR

Valmark Advisers Inc. increased its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 85.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,623,062 shares of the company’s stock after acquiring an additional 749,890 shares during the period. Capital Group Growth ETF makes up approximately 0.8% of Valmark Advisers Inc.’s portfolio, making the stock its 29th biggest holding. Valmark Advisers Inc. owned 0.33% of Capital Group Growth ETF worth $65,231,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CGGR. Goldman Sachs Group Inc. boosted its position in shares of Capital Group Growth ETF by 174.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock worth $10,954,000 after purchasing an additional 203,151 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Capital Group Growth ETF in the second quarter valued at about $211,000. Cerity Partners LLC lifted its stake in shares of Capital Group Growth ETF by 176.7% in the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock valued at $2,715,000 after purchasing an additional 42,631 shares during the period. Sei Investments Co. boosted its holdings in Capital Group Growth ETF by 19.5% during the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after buying an additional 189,933 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in Capital Group Growth ETF during the second quarter worth about $320,000.

Capital Group Growth ETF Stock Performance

CGGR traded up $0.07 on Friday, hitting $47.06. 2,515,162 shares of the company were exchanged, compared to its average volume of 3,332,217. The business’s fifty day moving average is $46.35 and its 200 day moving average is $44.38. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.02. The firm has a market capitalization of $24.87 billion, a P/E 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.