Gateway Wealth Partners LLC Purchases 188,332 Shares of Capital Group Growth ETF $CGGR

Gateway Wealth Partners LLC grew its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 310.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 248,913 shares of the company’s stock after acquiring an additional 188,332 shares during the period. Gateway Wealth Partners LLC owned about 0.05% of Capital Group Growth ETF worth $10,004,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Capital Group Growth ETF by 174.1% in the first 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 bought a new stake in shares of Capital Group Growth ETF during the 2nd quarter valued at $211,000. Cerity Partners LLC grew its position in shares of Capital Group Growth ETF by 176.7% in the 2nd quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after buying an additional 42,631 shares during the period. Sei Investments Co. grew its position in shares of Capital Group Growth ETF by 19.5% in the 2nd 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 during the period. Finally, Diversify Wealth Management LLC bought a new position in shares of Capital Group Growth ETF in the 2nd quarter worth about $320,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $44.36 on Monday. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02. The firm has a 50-day moving average of $46.31 and a 200 day moving average of $44.43. The stock has a market cap of $23.55 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.